Long-term Bitcoin holders sold over 400,000 BTC worth $45B in past month

Bitcoin fell as much as 7.4% on Tuesday, dropping below $100,000 for the first time since June, Bloomberg reports. Long-term holders sold approximately 400,000 BTC over the past month, representing around $45 billion in outflows and creating market imbalance. The decline was driven by sustained selling pressure in the spot market, with focus on long-term holders who liquidated their positions.