Bitcoin Drops Below $100K as Long-Term Holders Sell 400,000 BTC ($45B)

COINOTAG News, November 5, citing Bloomberg, reports that Bitcoin fell as much as 7.4% on Tuesday, dipping below the $100,000 level for the first time since June, underscoring renewed volatility in the crypto market.

In the past month, long-term BTC holders have moved roughly 400,000 BTC, equating to about $45 billion in outflows and creating a clear supply-demand imbalance in spot liquidity. The decline appears driven by persistent selling pressure in the spot market, with investors focusing on those long-term holders who liquidated positions, shaping near-term price dynamics.

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