Onchain data reveals that ETF flows haven’t been the primary causes of sell pressure for Bitcoin.
Bitcoin’s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary.
Bitcoin (BTC) price fell over 5.6% in the past 24 hours to trade at $92,774 as of 8:52 am UTC on Nov. 26, Cointelegraph data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
