Bitcoin Shaken by Long-Term Holders Dumping $45 Billion

Bitcoin has been falling again — but unlike in last month’s selloff, it’s not leverage breaking the market.

The original cryptocurrency fell as much as 7.4% on Tuesday to dip below the $100,000 mark for the first time since June. That’s down more than 20% from a record high reached a month ago. Bitcoin recovered 1.7% on Wednesday morning in New York, although some options traders are wagering on further declines.