Long-term Bitcoin holders sold 265,715 BTC in the last 30 days, marking the largest monthly outflow from this investor group since January.
The selling activity represents a shift toward profit-taking among Bitcoin investors who typically maintain positions for 155 days or more, according to on-chain data analyses published in mid-October 2025.
The outflow highlights heightened selling pressure from veteran Bitcoin investors amid ongoing market volatility. Long-term holders have recently moved away from their characteristic accumulation strategy, instead choosing to realize gains on positions held for extended periods.