Bitcoin’s bear-market rout deepens as prices hit a 6-month low. Why long-term holders stepping up selling could be a bad sign.
1. Bitcoin fell 3.4% to $98,308, its lowest since May 8. 2. Long-term holders sold 815,000 bitcoins, indicating bearish sentiment. 3. Bitcoin’s year-to-date gain is lower than the Nasdaq's significant rise. 4. Increased selling pressure comes amid limited demand for bitcoin. 5. Bitcoin's decline follows a major liquidation event and cautious investor sentiment.