Bitcoin Long-Term Holders Sell Off Amid Market Volatility

Recent data from Glassnode indicates a notable shift in Bitcoin’s ownership landscape as long-term holders have started selling off their holdings, resulting in a significant decrease in the supply held by these investors. The net position change has also flipped into the red, suggesting a further decline in Bitcoin supply. This trend comes amidst ongoing market pressures and challenges from bullish investors who are aiming to maintain a price level of $100,000.