CryptoQuant: Bitcoin decline linked to US liquidity stress and LTH profit taking
Crypto Briefing
Bitcoin's drop below $95,000 is attributed to US liquidity stress and selling by long-term holders, according to CryptoQuant.Summary
CryptoQuant, referencing an analysis by XWIN Research Japan, attributes Bitcoin's recent decline below $95,000 to aggressive selling during US trading hours, profit-taking by long-term holders (LTHs), and reduced liquidity in American markets. A deeply negative Coinbase Premium Index indicates persistent selling pressure from US-based investors. The selling intensity from LTHs across all age groups, combined with money withdrawal from the financial system due to the 43-day shutdown, is creating supply imbalances. These factors, amplified by general worries about the US economy and broader risk market declines, have intensified volatility and pushed Bitcoin to its lowest level since early May.
(Source：Crypto Briefing)