Bitcoin News Update: Concerns Over Regulations Prompt Seasoned Bitcoin Holders to Offload 815,000 BTC

Over the past several weeks, seasoned Bitcoin investors have offloaded 815,000 BTC, sparking concerns among market participants as the cryptocurrency’s push toward $100,000 begins to show early signs of fatigue. This significant wave of selling,

, highlights mounting doubt in a market that has climbed 300% this year, fueled by speculation and favorable macroeconomic conditions.

This selling trend is driven by long-term investors—those who have held

for more than a year—reducing their holdings at a rate not witnessed since the downturn of 2022. , these investors now possess just 12.3% of all Bitcoin, a decrease from 15.7% at the start of the year. This development may mark the end of the “accumulation phase” that characterized 2024, leaving both institutional and individual investors scrambling to interpret what comes next.

Analysts attribute the sell-off to two main factors: profit-taking after a year-long rally and heightened regulatory uncertainty following the U.S. Securities and Exchange Commission’s (SEC)

. “The SEC’s moves have introduced a sense of caution, particularly among veteran holders who prefer to avoid risk,” explained Sarah Lin, a digital asset strategist at JPMorgan Chase. “This is not panic selling—it’s a strategic move to manage risk.”

At the same time, the $100,000 threshold, once seen as a distant goal, is now proving difficult to surpass. Technical analysis points to a pivotal moment ahead: Bitcoin’s relative strength index (RSI) has

, while the 200-day moving average, currently at $68,500, continues to act as a psychological barrier. Short-term market participants are also uneasy, as .

The recent sell-off is also happening against a backdrop of challenging macroeconomic conditions.

, and last week’s inflation figures came in higher than anticipated, sending shockwaves through various asset markets. “Crypto is now closely tied to the broader financial system—it reflects what’s happening in traditional markets,” noted Michael Chen, MacroViz’s founder. “If stocks see a correction, Bitcoin may be affected as well.”

Despite the prevailing uncertainty, some positive indicators remain. The count of new wallets holding over $10,000 in Bitcoin has

, pointing to ongoing interest from affluent buyers. Furthermore, , suggesting the network remains stable for now.