• bitcoinBitcoin (BTC) $ 104,959.00
  • ethereumEthereum (ETH) $ 3,561.11
  • tetherTether (USDT) $ 0.999861
  • xrpXRP (XRP) $ 2.44
  • bnbBNB (BNB) $ 972.32
  • usd-coinUSDC (USDC) $ 0.999706
  • staked-etherLido Staked Ether (STETH) $ 3,560.34
  • tronTRON (TRX) $ 0.300194
  • dogecoinDogecoin (DOGE) $ 0.176490
  • cardanoCardano (ADA) $ 0.576582

Bitcoin long-term holders offload 400K BTC: How low can BTC price go?

Selling by long-term Bitcoin holders, capitulation by short-term holders and a weakening technical structure could fuel BTC’s price drop to $72K.

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💡 DMK Insight

Bitcoin’s current price of $103,804 is under pressure from long-term holders selling off and short-term capitulation. This shift in sentiment could push BTC down to the $72K mark, a significant drop that traders need to watch closely. The weakening technical structure suggests that if we break below key support levels, we might see a cascade effect, triggering more selling. Look for volume spikes and RSI indicators to gauge momentum. If BTC approaches $72K, it could be a critical level for both buyers and sellers, potentially setting the stage for a rebound or further decline. Keep an eye on market sentiment and news that could influence trading behavior, as institutional players might react differently than retail traders in this scenario.

📮 Takeaway

Watch for Bitcoin’s price action around $72K; a break below could trigger further selling, while a bounce might signal a buying opportunity.

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