Recent data reveals a significant sell-off from Bitcoin’s long-term holders (LTHs). These entities, holding coins for at least six months without selling, have offloaded over 400,000 BTC in the past month. This comes as short-term holders also experienced substantial losses and panic-selling, contributing to the drop in price. Analysts believe this sell-off is a sign of broader market uncertainty, with Bitcoin’s price dropping below $104,000 from over $126,000 just a month ago. The selling pressure has triggered fears of a further decline, potentially reaching as low as $60,000. 405,000 BTC worth approximately $42.3 billion in value was sold off by LTHs alone, impacting the Bitcoin market significantly. Experts are currently studying these trends to understand how they will affect future market dynamics.