Bloomberg: Long-term holders sold over $45 billion in BTC in the past month, causing a severe market downturn

According to Bloomberg, Bitcoin fell by 7.4% on Tuesday, dropping below the $100,000 mark for the first time this year. In the past month, long-term Bitcoin holders have sold approximately 400,000 Bitcoins, equivalent to about $45 billion in capital outflow, causing an imbalance in the market.

This round of decline is mainly driven by continuous selling in the spot market, with market attention focused on those long-term holders who chose to sell.