The price of Bitcoin began the new month on a rough note, continuing its tumultuous run from October . On the afternoon of Friday, November 7, the premier cryptocurrency briefly fell below the psychological $100,000 level for the second time in the past week.

The struggles of the Bitcoin price in recent weeks have been attributed to a shift in the behavior of investors, especially a class known as the long-term holders (LTHs). A prominent crypto expert on X has come forward with more insights as to the impact of the LTH behavior on BTC price.

BTC Apparent Demand Growth Turns Negative

In his latest post on the X platform, CryptoQuant’s Head of Research, Julio Moreno, acknowledged that the Bitcoin long-term holders have indeed been offloading their assets over the past few weeks. The

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