Bitcoin (BTC) Sell-Off: Long-Term Holders Liquidate $10 Billion Worth in May 2024

In May 2024, long-term Bitcoin (BTC) investors sold a significant $10 billion worth of BTC as reported by the blockchain analytics firm IntoTheBlock. This large-scale liquidation, roughly translating to 160,000 BTC, signifies a shift in the typical behavior of these steadfast investors. Normally, long-term holders maintain their assets through market volatility, so this massive offloading