BTC Cost Structure Shifts After 10.11 Crash, Long-Term Holders Sell in Large Volume

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BTC price structure shifted after the 10.11 crash, with on-chain data showing large-scale selling by long-term holders. From October 11 to December 20, 1.33 million profit-taking coins were sold, alongside 902,000 BTC with costs above $110,000. BTC dominance in the $80,000–$90,000 range rose by 1.874 million, while the $70,000–$80,000 range remains a gap zone with only 190,000 BTC. Concerns over the four-year cycle and macro risks are driving the sell-off.
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