Bitcoin Long-Term Holders Sell 815,000 BTC in One Month

Bitcoin Long-Term Holders Sell 815,000 BTC in One Month

CryptoQuant reports the largest BTC sell-off by long-term holders since January 2024, with daily profit-taking doubling amid market demand decline.

BTC

Fact Check
The assessment is "likely_true" with high confidence based on the overwhelming consistency across multiple, independent sources. A significant number of news outlets with high relevance (Decrypt, BeInCrypto, Cryptopolitan, AMBCrypto, Bitget) explicitly corroborate the claim that Long-Term Holders (LTHs) sold 815,000 BTC within a one-month or 30-day timeframe. The credibility of this claim is substantially strengthened by the fact that multiple reports (BeInCrypto, Cryptopolitan, Bitget) trace the data back to a single, authoritative primary source: the on-chain analytics firm CryptoQuant. This clear and consistent attribution to a reputable data provider suggests the figure is not speculative but is based on a specific market analysis.While one source, a social media post from CryptoQuant, presents a different figure (-104K BTC/month), this is not necessarily a direct contradiction. On-chain analysis involves various metrics. The 815,000 BTC figure likely refers to the total volume of coins *spent* by the LTH cohort, while the -104K BTC figure more likely represents the *net position change* (volume spent minus volume acquired/matured into LTH status). The statement uses the word "sold," which can align with the gross amount spent. Therefore, the two figures are likely describing different but related market dynamics.In summary, the high degree of corroboration from multiple secondary sources, all pointing to the same credible primary source, provides strong evidence for the statement's truthfulness, while the potentially conflicting data can be reasonably explained by a difference in metrics.
Summary

CryptoQuant reported that Bitcoin long-term holders sold about 815,000 BTC, valued at over ¥12 trillion, in the past month. This marks the largest sell-off since January 2024. Daily profit-taking rose from 12,500 BTC in early July to 26,500 BTC, contributing to increased downward pressure on Bitcoin prices amid weakened demand.

Terms & Concepts
  • Long-Term Holders: Investors who maintain cryptocurrency positions for extended periods, often resisting short-term market fluctuations.
  • Selling Pressure: Market condition where increased selling activity drives asset prices down.
  • CryptoQuant: A blockchain analytics platform providing on-chain data and market insights for cryptocurrencies.