Bitcoin Faces Intensifying Selling as Long-Term Holders Realize Losses and Move Coins to Binance

Bitcoin remains more than 45% below its all-time high, while key on-chain indicators show growing strain among long-term holders. The LTH SOPR has dropped to 0.88, implying coins are being sold at a loss, and inflows from these holders to Binance have climbed to roughly twice their annual average on several recent days. Over the past two years retail investors have offloaded more than 1.2 million BTC, with institutions absorbing much of this supply, as the ongoing correction shifts into a more fragile adjustment phase.