Long-term holders accelerate selling, Bitcoin price underperforms traditional markets
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Long-term holders have sold approximately 143,000 bitcoins in the past 30 days, marking the fastest pace of selling since August. This wave of selling has reversed the brief accumulation phase that occurred from late December last year to early January this year. The sell-off by long-term holders is putting pressure on the price of bitcoin, while traditional financial markets continue to rise.
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