After days of trading above the $90,000 price mark, Bitcoin has officially lost this key support level as the market turns increasingly volatile on Wednesday. While the price of BTC continues its downward trend, the ongoing selling pressure from long-term holders does not seem to be slowing down.

Long-Term Bitcoin Holders Extend Their Selling Trend

A persistent negative action from key investors is meeting Bitcoin’s current price pullback. Long-term Bitcoin holders , who are usually the most steadfast and resilient players in the cryptocurrency market, are increasingly showing signs of strain and uncertainty.

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After examining the Net Position Change in BTC, Swissblock, an investment pioneer a

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