With the increasing concern over economic conditions and the decreasing expectations for a rate cut from the Federal Reserve — which was thought to revitalize high-risk assets, including Bitcoin.

Risk-associated assets are under simultaneous pressure, and Bitcoin is often treated as a high-risk asset.
There is data indicating that addresses holding Bitcoin for long periods of ( six months or more ) have sold large amounts ( approximately 815,000 BTC in 30 days ) — this is one of the highest levels since 2024.