Bitcoin Faces $5 Billion Selling Pressure as Short-Term Holders Exit

The post Bitcoin Faces $5 Billion Selling Pressure as Short-Term Holders Exit appeared first on Coinpedia Fintech News

Short-term Bitcoin holders have driven heavy selling during the latest market decline, sending more than 80,000 BTC worth about $5 billion to Binance in early June. Bitcoin has fallen over 28% from its May peak, briefly testing $60,000, while investor sentiment has weakened sharply, with the Fear & Greed Index dropping below 10. The sell-off …