Bitcoin Falls Toward $80,000 as Macro Headwinds and Long-Term Holder Sales Intensify

Bitcoin has declined sharply in recent weeks, erasing hundreds of billions in market capitalization and reversing nearly a year of gains. The selloff stems from converging macro pressures including Federal Reserve policy reversal, elevated real yields above 5%, and aggressive distribution by long-term holders who sold approximately 815,000 BTC over thirty days, according to crypto analyst Tracy Shuchart.