Bitcoin’s price weakness is prompting selling by investors identified as “high-conviction” holders, according to industry data cited by outlets. The West Australian reports that over the past 30 days, roughly a quarter of the bitcoin that is sold comes from holders who originally bought bitcoin above US$90,000, indicating that some recently underwater participants are exiting. CNBC adds that this selling is concentrated among the highest-conviction group, with about US$2.4 billion worth of bitcoin sold over the past two days.
Taken together, the reporting suggests a broader shift from holding to selling as bitcoin trades at levels associated with fresh lows. The figures focus on who is selling—rather than on new regulatory or macroeconomic developments—and highlight the role of both longer-term conviction holders and investors with earlier high purchase prices. The outlets present the activity as a trend over recent days and weeks, with the sold amounts varying by time window (two days versus 30 days).
