According to Mihir (@RhythmicAnalyst), a technical oscillator indicated a BTC price breakdown in mid-June 2024. Mihir clarified that he has not shorted BTC but is sharing insights based on technical analysis.

According to @intotheblock, long-term BTC holders have been reducing their holdings throughout 2024. In May, there was a significant drop with 160,000 BTC, approximately $10 billion, sold. The selling slowed down somewhat in June, with 40,000 BTC leaving long-term holders' wallets.