**[BitMEX: Early Bitcoin Holders Selling Causes Market Turbulence]** BitMEX reports that after Bitcoin recently surged past $113,000, it quickly retreated to around $107,000, intensifying market volatility. On-chain data shows that early holders (OGs) have seen an increase in their average holding duration, indicating they are selling and actively de-risking. Meanwhile, some OGs in the tech sector are reallocating funds from Bitcoin to the artificial intelligence sector. Bitcoin is consolidating near the critical psychological level of $100,000, with sustained selling pressure limiting its upward momentum. If it fails to break through effectively, the market may face further adjustments, with a drop below $100,000 potentially becoming a key shakeout point.