Massive Bitcoin Sell-Off by Long-Term Holders in May 2024 Challenges Market Stability

May 2024 is emerging as a critical period for Bitcoin, characterized by significant liquidations from long-term holders. A report from IntoTheBlock reveals a sell-off of approximately $10 billion in Bitcoin, equating to around 160,000 BTC. This represents a dramatic shift from the usual behavior of veteran Bitcoin investors, who generally anchor the market against volatility.

Source: CoinOtag