Long-term holders are starting to flee. How much longer can Saylor's bluster hold up?

Bitcoin’s price is hovering around $60,000, with a risk of either breaking below it or pointing toward $40,000. It has been consolidating in the 59k–60k range for 5 days. Analysts say this static state may be more dangerous than volatility; the price range is below the rebound levels in February and at the beginning of this month, as well as below the 50-day and 200-day moving averages, showing a bearish bias. On-chain indicators show that long-term holders have started selling, market demand is weak, and active addresses and transaction activity are at low levels. The largest Bitcoin corporate holder says it may sell more than $1 billion worth of Bitcoin to stabilize its finances, contrasting with founder Saylor’s “never sell” philosophy.