Bitcoin Faces Turbulence as Long-term Investors Sell Off – BitRss

Bitcoin (BTC ($86,468.98)) $86,474 experienced a significant 10% fluctuation in the last 24 hours due to President Donald Trump’s newly announced “Strategic Bitcoin Reserve” policy and rising inflation concerns. The selling pressure from long-term investors has kept BTC below the resistance level of $92,000, while an outflow of $134 million from ETFs has further exacerbated the decline. Market analysts predict that Bitcoin may test the $82,000 level due to ongoing macroeconomic uncertainties.

Long-term Investors Sell BTC

The decline of Bitcoin to $84,600 is largely attributed to increased selling activity among long-term investors. According to Santiment’s metrics, the BTC Age Consumed metric, which measures the duration that investors’ Bitcoin remains inactive, has surged to 15.9 billion. This represents an astonishing increase of 450% compared to early February.