Long-term Bitcoin holders appear to lose confidence in BTC
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However, June has seen a deceleration in the sell-off, with long-term holders offloading an additional 40,000 BTC. Although this is significantly less than the volume sold in May, it still shows a continued trend of liquidation among long-term investors.The cumulative effect of these sales has contributed to the overall bearish sentiment on the market. It has had a pronounced impact on Bitcoin's price. Over the past 30 days, Bitcoin's price has slumped by 10.
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