#BTCUnbound
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Bitcoin starts August with a decline: short-term sellers dominate the drop
The decline of more than 3% in the price of BTC was mainly driven by sales in the spot market from recent investors, while long-term holders maintain their positions.
Bitcoin began August with a bearish trend, registering a drop of over 3% in the last 24 hours, bringing its price below $115,000.
However, data indicates that the selling pressure mainly came from activity in the spot market and not from massive liquidations in the derivatives market.
