Bitcoin whales sell off $45 billion in holdings, analysts say bearish trend may continue until spring next year.

According to the Smart Financial APP, Bitcoin has once again fallen, but this time it is not due to leveraged market turmoil. Entities holding between 1,000 and 10,000 Bitcoins, known as "super whales," have been selling off, causing Bitcoin to plummet by a maximum of 7.4%, breaking the $100,000 mark for the first time since June. Compared to the historical high point reached a month ago, it has fallen by over 20%. In early Asian trading on Wednesday, Bitcoin regained some lost ground, but has still not been able to stabilize. As of the time of publication, Bitcoin is trading at $101,800.