Bitcoin Long-Term Holders Sell-Off Surges 450% in 1 Week as Trump Policies Unsettle Markets
The post Bitcoin Long-Term Holders Sell-Off Surges 450% in 1 Week as Trump Policies Unsettle Markets appeared on BitcoinEthereumNews.com.
Bitcoin price faces volatility as long-term holders offload BTC amid inflation fears, Trump’s reserve policy, and ETF outflows. Bitcoin (BTC) Consolidates Below $90K Amid Multiple Active Catalysts Bitcoin price experienced volatile price action on Friday, bouncing within a 10% range from lows of $84,600 to $91,280 on the daily candle. Bitcoin briefly touched $91,200 following former President Donald Trump’s announcement of a Bitcoin strategic reserve policy, signaling a shift toward institutional adoption. However, the market reaction remained muted as investors digested a key caveat—the reserve will be funded with BTC acquired from open markets. This tempered bullish sentiment, preventing a sustained rally. Bitcoin (BTC) Price Action At the same time, Bitcoin ETFs saw another $134 million in total outflows on Thursday, reinforcing bearish sentiment. BTC price failing to breach the $92,000 resistance signals active selling pressure, despite broader institutional interest. Derivative markets reflected bearish sentiment, with $382 million in long positions liquidated, accounting for 73% of total losses. The sharp sell-off suggests that inflation concerns stemming from the latest Non-Farm Payrolls (NFP) report overshadowed optimism from Trump’s White House crypto summit. With traders reacting to macroeconomic uncertainty, BTC remains vulnerable to further downside risks over the weekend. Trump’s Latest Policies Unsettled Bitcoin Long-Term Investors Bitcoin long-term holders appear rattled amid conflicting market signals from President Donald Trump’s recent policy updates. On Thursday, Trump’s Crypto Czar, David Sack, confirmed an executive order mandating that expropriated BTC be added to the national strategic reserve. Despite this ostensibly bullish development, Bitcoin price dropped 5%, falling below $85,000 on Friday. The decline was driven by concerns over hawkish readings in the U.S. NFP report, which signaled rising inflationary risks due to Trump’s recently imposed trade tariffs. Bitcoin Age Consumed vs. BTC price The market reaction suggests that macroeconomic uncertainty is outweighing optimism around Trump’s…
Filed under: News - @ March 8, 2025 10:21 am