Bitcoin Tests $63K as Long-Term Holders Keep Selling at a Loss
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Bitcoin is currently testing the $63,000 level as long-term holders continue to sell at a loss, with approximately two-thirds of the coins moving onto exchanges being held by these investors. This trend is exacerbated by a macro risk-off environment, causing Bitcoin's price to decline. Market sentiment remains cautious, with investors wary of further losses.
Some two-thirds of the coins moving onto exchanges are long-term holders taking losses, as a macro risk-off drags on Bitcoin’s price.