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Long-term Bitcoin holders sell $2.4B as BTC price drops below $70K, signaling possible late-stage bear market.

Market News
03 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Long-term Bitcoin holders, who usually hold through market fluctuations, sold about $2.4 billion worth of Bitcoin in two days as the price fell below $70,000 for the first time since April. This selling accounted for roughly 26% of all Bitcoin transactions in the past 30 days and included MicroStrategy's first BTC sale in over three years. The move suggests a potential late-stage bear market where even the most committed investors begin to sell. Despite this, low exchange reserves indicate buyers are still active, making ETF flows, holder behavior, and exchange data key indicators to watch moving forward.

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