CryptoQuant: Bitcoin decline linked to US liquidity stress and LTH profit taking
Key Takeaways
- CryptoQuant attributes recent Bitcoin declines to US liquidity stress and profit-taking from long-term holders (LTHs).
- Persistent selling pressure is coming from US-based investors, fueled by concerns about the economic outlook.
Bitcoin’s recent decline reflects aggressive selling during US trading hours, widespread profit-taking by long-term investors, and reduced liquidity across American markets, CryptoQuant said Friday, referencing an analysis by XWIN Research Japan.
The analysis highlights persistent selling pressure from US–based investors, supported by a deeply negative Coinbase Premium Index that shows Bitcoin trading at a discount in the domestic market.
With long-term holders selling across every age group and the 43-day shutdown removing money from the financial system, volatility has intensified. Long-term holders are intensifying sell-side pressure on Bitcoin, creating supply imbalances without sufficient new demand to stabilize prices.
Recent worries about the US economy have amplified the sell-offs in Bitcoin, mirroring broader risk market declines as investors reassess liquidity conditions.
The price of Bitcoin fell to $94,560 on Friday morning, its lowest level since early May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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