Bitcoin Holders Panic Sell 148K BTC at Loss, Market Volatility Spikes

A significant sell-off of 148,000 Bitcoin by short-term holders triggered a price drop below $93,000. This event highlights market fragility and the influence of speculative pressure on short-term investors. The sudden price dip prompted panic selling among recent buyers who were forced to sell their holdings at a loss, potentially impacting long-term stability. Analysts predict a potential bottoming phase with long-term investors entering the market at discounted prices.