U.S. investors have sold $700 million worth of Bitcoin, with BlackRock offloading 6,800 BTC, as global selling pressure intensifies. The Coinbase Bitcoin Premium Index has remained negative since October 30, indicating strong selling activity. Bitcoin's price has declined by 1.5% in the last 24 hours, hovering near $100,000.
The probability of Bitcoin dropping to $95,000 has increased to 48%, as ETF inflows fail to offset the outflows. The selling pressure has extended to Asia and the EU, with bearish momentum gaining traction as cumulative returns turn negative.
U.S. Investors Offload $700M in Bitcoin Amid Global Sell-Off
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