Bitcoin Faces Pressure as Long-Term Holders Sell at Fastest Rate Since August

Bitcoin has recently breached a significant support level, with long-term holders selling at their quickest pace since August. According to NS3.AI, this change in behavior among holders has sparked a debate among industry experts. Some analysts caution that this trend could lead to further price declines, while others suggest it might signal a potential bottom in the bear market. The increased selling activity by long-term holders may exert additional downward pressure on Bitcoin's price in the short term.