Bitcoin experienced a recent downturn in price after long-term holders sold off over 815,000 BTC in the past month. This follows a period of strong selling pressure, which intensified market instability. Despite this selloff, miners are returning to accumulation mode, adding 777 BTC to their holdings. Meanwhile, short-term traders face growing losses as Bitcoin remains below its cost basis, further fueling uncertainty. A recent surge in selling from long-term holders is driving the price down, contributing to a bearish environment. The Nasdaq 100 index has also experienced volatility, adding to the market’s uncertainty. While short-term traders are struggling to remain profitable, miners are strategically adjusting their holdings based on current market conditions. CryptoQuant reports that these actions suggest a shift in investor sentiment as Bitcoin adjusts to lower prices.