Over the past 24 hours, the flagship digital asset dropped by more than 3% to under $115,000, resulting in over $200 million in market liquidation.
Of the $21.34 billion in BTC that changed hands during the period, 85.5%—roughly $18.24 billion—was attributed to investors who acquired their coins within the last few months. In contrast, long-term holders accounted for only 14.5% ($3.10 billion) of the volume.
Despite the sell pressure, the broader market remains largely in profit.
