Bitcoin Long-Term Holders Start Capitulating Amid Panic

On-chain data suggests Bitcoin long-term holders have started to capitulate recently as the sharp price drop causes panic in the market.
Bitcoin CDD Inflow Indicator Jumps Up, Showing Long-Term Holders Have Been Selling
As pointed out by a CryptoQuant post, the recent price drop has pushed long-term holders towards selling their BTC.
“Coin days” are the number of days a Bitcoin has remained dormant for. An example: if 1 BTC doesn’t move for 5 days, it accumulates 5 coin days.
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