The price of Bitcoin (BTC) has dropped 13% from its record high of around $108,000, which is the largest decline since the U.S. election in November. The drop in price is mainly due to long-term holders (LTHs) selling their Bitcoin, with a significant sell-off occurring on Thursday. On the other hand, short-term holders (STHs) have been accumulating Bitcoin during this time period. The current imbalance between LTHs selling and STHs buying has contributed to the decline in price. It is important to monitor the activities of these two groups in the coming days to understand Bitcoin's price movement.



Other News from Today