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Bitcoin News Today: Are Long-Term Holders Selling Bitcoin Strategically or Does It Signal Market Weakness?

Bitcoin News Today: Are Long-Term Holders Selling Bitcoin Strategically or Does It Signal Market Weakness?

Bitget-RWA2025/11/27 02:12
By: Bitget-RWA
- Bitcoin long-term holders (LTH) sold 1.57M BTC, reducing supply to 13.6M BTC, signaling a "smart-money distribution phase" as prices near $80,000. - The sell-off coincided with a 31% November price drop to $82,000, driven by rising U.S. yields and Fed hawkishness, raising concerns about the bull cycle's strength. - LTH insider Eric Buss sold 162,722 shares via a prearranged plan, while analysts project a 46.55% upside for LTH stock despite historical overoptimism in price targets. - Bitcoin struggles to

The cryptocurrency sector is undergoing a major transformation as

Long-Term Holders (LTH) have initiated a substantial wave of selling, bringing their total holdings down to 13.6 million BTC—the lowest point seen since this cycle began. , with LTHs having parted with 1.57 million BTC in the last quarter as prices slid toward $80,000. This heightened selling activity has paralleled a broader market slump, as U.S. Treasury yields climbed and the Federal Reserve maintained a hawkish stance. The increased sell pressure has fueled debate that the bull run could be entering a weaker stage unless new buyers step in to absorb the excess supply .

This LTH selling trend is happening at the same time as a notable insider move at

(LTH), whose shares have climbed 7.5% over the last month. to the SEC to sell 162,722 shares through Fidelity Brokerage Services, as part of a pre-established trading plan. This action comes as Wall Street , with an average price estimate of $40.36, supported by positive earnings outlooks and a Zacks Rank 2 (Buy) rating. Still, the stock’s future is under scrutiny, since due to institutional influences.

Bitcoin’s recent price movements highlight the market’s vulnerability.

important resistance points, with the 50-day, 100-day, and 200-day moving averages all trending downward. resembles fatigue phases seen in previous cycles, including the March 2024 drop from $73,000 and the October 2024 retreat from $85,000. The sharp decrease in supply—803,399 BTC sold in just two weeks—has , averaging 53,560 BTC sold per day. This has left Bitcoin hovering at a crucial $85,000 support level, with a break below potentially opening the door to further declines toward $78,000 or $72,000 .

Institutional factors add complexity to the outlook.

to $72 billion, a trend that has historically preceded major Bitcoin rallies. about the sector’s durability, though broader economic uncertainty persists. At the same time, , with the likelihood of a December rate cut now above 70%—a development that could boost risk assets. For Bitcoin, reclaiming the $85,000 level is seen as essential to restoring bullish sentiment ahead of the 2026 cycle.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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