Bitcoin (BTC) faces potential selling pressure as the dollar value of hodlers’ BTC exposure falls by billions of dollars. New research by onchain analytics platform CryptoQuant shows speculators stepping in while seasoned hodlers go risk-off on BTC.

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $26,558.32 on Oct. 12, 2023. The original crypto is up by 122% year over year.

Bitcoin is facing new pressures, and it shows in the market data. Both long-term and short-term holders are making moves that suggest growing weakness in Bitcoin’s price. For long-term holders, there’s been a sharp reduction in their realized cap,

Bitcoin’s (BTC) realized cap hit a new all-time high. The MVRV Z-score shows undervaluation. Will the Bitcoin price reach a new all-time high soon? Bitcoin