Bitcoin’s journey to $100,000 has been disrupted as sellers have taken control, sending its price below $93,000.

A total of $337.6 million worth of crypto market liquidations have occurred in the last 24 hours.

Long-term Bitcoin holders have also contributed to the selling pressure. Glassnode noted that 6-12 month holders are selling to make a profit.

While market dynamics remain balanced between buyers and sellers, price action is trending downward.