As reported by Bijiawang, Bitcoin experienced one of its worst drops in 48 hours, falling below its annual opening price of $93,576. Long-term and short-term holders have been aggressively selling, with long-term holders offloading 350,000 BTC in 30 days. Short-term holders (STH) faced losses after being forced to sell below their average buy price of $110,500. On November 15, STH sold 65,000 BTC worth $6 billion, the highest in the month. Analysts suggest a potential rebound is possible as Bitcoin's RSI approaches oversold levels, though high bond yields may limit a sustained recovery.
Bitcoin STH Sell Off 65,000 BTC in One Day Amid Market Downturn
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