Bloomberg reports seasoned investors sold 1.6 million BTC since early 2023, reflecting a nearly 30% decline from the cryptocurrency’s peak.
Bloomberg reported that Bitcoin long-term holders have sold approximately $14 billion worth of the cryptocurrency since it reached its all-time high, with prices down close to 30%. The supply held for over two years has fallen by 1.6 million BTC since early 2023, indicating increased cash-outs by early investors.