Bitcoin OGs Unload Over $100 Million Worth of BTC Amidst Hawkish Fed

The recent actions of Bitcoin's early adopters have sent shockwaves through the market. Data from Lookonchain reveals that at least two long-term holders have sold over 1,650 BTC worth more than $117.87 million in a single day.

These sales come after the Federal Reserve announced its decision to maintain high interest rates, leaving investors disappointed and causing a decline in the price of Bitcoin. The cryptocurrency's price dipped nearly 1% to $70,600, extending Wednesday's 3.5% slide from $74,500.