Bitcoin Top Holders Sell $2.4B as Price Hits Lows

Bitcoin's long-term holders sold $2.4 billion in the past two days. Twenty-six percent of bitcoin sold in the last 30 days came from buyers above $90,000. These top-buyers, resilient through the bear market, are now capitulating as prices near cycle lows. Bitcoin ETFs have recorded 11 consecutive days of net outflows, the longest streak ever. The price is down 10% week-to-date after a cascade of liquidations triggered by Strategy's sale of 32 coins.