Key Takeaways
- Long-term Bitcoin holders have sold 815,000 BTC within the past month.
- This sell-off has increased sell-side pressure and contributed to a price decline.
Bitcoin faces intensified selling pressure as long-term holders, veteran investors who maintain positions for extended periods, have sold 815,000 BTC over the past 30 days while market demand remains subdued.
The substantial sell-off from these established investors has created supply-demand imbalances that continue pressuring Bitcoin prices downward. On-chain indicators show long-term holders increasing market supply at a pace that outstrips current buyer interest.
Institutional buyers have absorbed portions of the recent selling from long-term holders, though overall demand weakness persists. The selling activity from existing holders is outpacing inflows from exchange-traded funds and major accumulators, contributing to stalled upward momentum for the digital asset.
Source: https://cryptobriefing.com/bitcoin-sell-pressure-long-term-holders-sell-815k-btc-30-days/
