Long-term bitcoin holders and miners have significantly sold off their holdings in the past two weeks, with large whales offloading over $1.2 billion worth of BTC. This selling trend coincides with net outflows from U.S.-listed bitcoin ETFs, signaling a lack of renewed buying interest. Analysts suggest that miners are shifting focus to the AI sector due to diminishing mining rewards post-halving, contributing to the increased selling activity. Bitcoin prices have subsequently fallen, with some traders predicting a further drop to as low as $60,000.
