@asal

Bitcoin (BTC) has dropped more than 5.5% over the past 24 hours, falling below the psychological $100,000 level and reaching the $97,000 range. According to analysts, the market is still digesting the economic consequences of the end of the prolonged U.S. government shutdown. Weak demand in the spot market is also one of the key reasons for this decline. According to Glassnode, long-term holders have sold around 815,000 BTC over the past month, marking their highest level of selling since early 2024. At the same time, spot exchange-traded funds (ETFs) have seen capital outflows, and Coinbase’s premium index has entered negative territory, indicating reduced buying pressure from U.S. investors.

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