Sell-off by long-term investors and miners: Bitcoin (BTC) witnessed a massive sell-off in the past month. A total of 782,000 BTC was liquidated by long-term holders, with miners also participating in this sell-off. The strong price increase of up to 30% in BTC prompted these investors to sell at high prices.

Bitcoin price volatility in the market: When Bitcoin reached a record high of over 99,000 USD, the price dropped to 91,554.11 USD. This sparked concerns about upcoming price corrections and made the market unstable. BTC currently sees a 5.24% decrease in daily market value, indicating the market’s capacity to absorb sell-offs.

Impact from liquidation and price prediction: BTC liquidation typically creates more pressure than regular retail sales. BTC’s open volume decreased from 32 billion USD to 30 billion USD after recent liquidations. The expiration of contracts worth 9 billion USD by the weekend could also lead to significant price volatility.

Changes in activity and investment strategy: Data shows that the number of active wallets per day has dropped below 9 million. BTC trading has become more strategic, with liquidity on exchanges decreasing gradually. Around 40% of the total BTC is still held by large holders, indicating a high concentration in ownership.