After the Fed's interest rate cut chances decreased, I observe an interesting move: early Bitcoin holders are selling a significant amount of BTC. Seeing over $100 million in sales is truly noteworthy.

The logic behind these sales is actually quite clear. The Fed remaining in a tight monetary policy means expectations for better returns from bonds and fixed-income investments are increasing. Alternative income sources like a 3 million interest yield become more attractive all at once. Early investors might think it's time to rebalance their portfolios.

Currently, the BTC price is around $72.85k. How the market will respond to this selling pressure is a matter of curiosity. With such macroeconomic uncertainty, it seems entirely reasonable for big players to hesitate in taking positions.