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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid a prolonged price stagnation that is testing the resolve of major investors, Bitcoin has entered a sharp capitulation phase among its long-term holder cohort. According to reports, these investors triggered a $280 million sell-off as prices remained stuck in a 'deep value' zone below key cost bases for five consecutive months. This shift highlights intensifying sell-side pressure from a demographic previously noted for its resilience against market volatility.
These movements coincide with negative flows into Bitcoin ETFs, which have weakened the institutional demand that previously bolstered prices. Compared to historical market cycles, analysts suggest that hitting deep value zones often precedes a local bottom, yet persistent outflows from spot ETFs remain a headwind for any immediate recovery. Per market data, major altcoins are facing similar downward pressure as risk appetite wanes across the broader digital asset sector.
Looking ahead, traders are monitoring psychological and technical support levels despite the absence of confirmed real-time price data for today's session. On the macroeconomic front, upcoming sentiment may be influenced by recent data showing U.S. Non Farm Payrolls added only 57k jobs on July 2, 2026, a significant miss that could reshape monetary policy expectations and impact the attractiveness of high-risk assets like BTC.