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Bitcoin Suffers Sharp Correction as Long-Term Holders Sell Off
Summary: According to Bitpush Data, Bitcoin experienced a sharp decline, briefly dipping below the crucial $92,000 level. The cryptocurrency fell to a low of $91,463.37, marking a 3.31% drop in the past 24 hours. This significant price drop can be attributed to increased selling pressure from long-term holders. According to data from CryptoQuant, these investors have ...
According to Bitpush Data, Bitcoin experienced a sharp decline, briefly dipping below the crucial $92,000 level. The cryptocurrency fell to a low of $91,463.37, marking a 3.31% drop in the past 24 hours.
This significant price drop can be attributed to increased selling pressure from long-term holders.
According to data from CryptoQuant, these investors have offloaded a substantial amount of Bitcoin, totaling approximately 728,000 BTC in the past 30 days. This level of selling is unprecedented since April.
Tags: Bitcoin,Long-Term Holder
Link: Bitcoin Suffers Sharp Correction as Long-Term Holders Sell Off [Copy]
