Bitcoin faces sell-side pressure as long-term holders sell 815K BTC in 30 days

The recent sell-off of 815,000 BTC by long-term holders has intensified market supply, contributing to downward price pressure amid sluggish buying demand. This trend is further highlighted by the liquidation of $300 million in crypto longs, indicating heightened volatility and risks in the market. Despite these challenges, some institutional investors, like Michael Saylor, are adopting aggressive acquisition strategies, suggesting a potential divergence in market sentiment as they continue to buy Bitcoin during dips.