Short-term Bitcoin holders have driven heavy selling during the latest market decline, sending more than 80,000 BTC worth about $5 billion to Binance in early June. Bitcoin has fallen over 28% from its May peak, briefly testing $60,000, while investor sentiment has weakened sharply, with the Fear & Greed Index dropping below 10. The sell-off matters because short-term holders often amplify market volatility through panic-driven decisions. Investors will be watching whether selling pressure eases or increases if Bitcoin retests key support levels.
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