Bitcoin Price Declines Amid Sustained Selling Pressure

Bitcoin's price has been experiencing a sustained decline, with the flagship cryptocurrency trading around $73,400 over the last week. According to recent on-chain data, the Realized Cap metric has dropped by 3.63%, from around $1.12 trillion to $1.08 trillion, indicating significant capital outflows.

The decline in the Realized Cap metric coincides with Bitcoin's descent of over 20% from $92,593 to its current valuation. This correlation suggests that investors have likely been withdrawing their capital rather than holding through Bitcoin's moves.