## Bitcoin Price Drop: Is Further Decline Imminent? Glassnode analysts suggest Bitcoin (BTC) could fall further to $88,000 if it fails to recover to $113,000. This forecast comes amid significant selling pressure from long-term holders. ### Long-Term Holders Selling Bitcoin Data indicates that long-term Bitcoin holders have sold approximately 104,000 BTC this month, marking the highest outflow since July. This selling spree contributes to downward pressure on the price. ### Short-Term Holders Cutting Losses In addition to long-term holder sales, short-term holders are also actively cutting their losses, adding to the overall bearish sentiment in the market.