Bitcoin long-term holders offload 400K BTC: How low can BTC price go?

Blockchain

Selling by long-term Bitcoin holders, capitulation by short-term holders and a weakening technical structure could fuel BTC’s price drop to $72K.

Key takeaways:

Long-term Bitcoin holders have sold 400,000 BTC over the past 30 days.

Short-term Bitcoin holders panic-sell $3 billion in BTC at a loss.

Mike

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