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Bitcoin Long-Term Holders Increase Sell-Off Activity, 97,000 BTC Sold in One Day

According to Glassnode, long-term holders (LTH) have accelerated sell-offs with the 14-day SMA rising, yet activity remains within cycle norms and below Oct–Nov 2024 peaks; a single-day 97,000 BTC sale drove the spike.

BTC

Summary

Glassnode reports that Bitcoin long-term holders have accelerated selling, with the 14-day moving average (SMA) trending higher. Despite the uptick, overall LTH activity remains within normal cycle ranges and is significantly below the October–November 2024 peak. The recent surge was driven by a single event: approximately 97,000 BTC sold last Friday, marking the largest one-day sell-off of the year.

Terms & Concepts
  • Long-term holders (LTH): Investors who have held Bitcoin for an extended period (commonly >1 year), typically showing lower spending activity than short-term holders.
  • 14-day moving average (SMA): A technical indicator that averages the last 14 days of data to smooth short-term fluctuations and highlight trends.
  • Glassnode: A blockchain analytics firm providing on-chain metrics and market insights for cryptocurrencies.