Long-term Bitcoin holders have sold 241,000 BTC in the past month, pushing the price towards $95,000. Bitcoin treasury companies’ monthly buys dropped significantly, weakening institutional demand. The reduced buying further exacerbates the downward trend. Bitcoin price dropped to a seven-week low of $107,500, forming a bear flag targeting $95,500, a 14.5% drop from the current price. Despite the dip, Bitcoin is still on track for new all-time highs, with predictions suggesting a possible drop below $90,000.

Read more at Cointelegraph: Bitcoin Long-Term Holders Offload 241,000 BTC as Bears Eye $95K