Bloomberg: Long-term holders sold over $45 billion in BTC in the past month, causing a severe market downturn

According to Bloomberg, Bitcoin fell by 7.4% on Tuesday, dropping below the $100,000 mark for the first time this year. Over the past month, long-term Bitcoin holders have sold approximately 400,000 Bitcoins, equivalent to about $45 billion in capital outflow, causing an imbalance in the market. This round of decline has been primarily driven by ongoing sell-offs in the spot market, with market attention focused on those long-term holders who chose to sell.