glassnode: Bitcoin long-term holders have accelerated selling in recent weeks, but it is still below last year's peak
ChainCatcher News, glassnode stated that the selling by Bitcoin long-term holders (LTH) has accelerated in recent weeks, with the 14-day moving average (SMA) continuing to rise. However, overall activity remains within the normal range for this cycle, significantly lower than the peaks seen in October–November 2024.
The latest increase in selling is mainly due to a single event: last Friday, long-term holders sold about 97,000 BTC, marking the largest single-day sell-off this year and driving a significant rise in smoothed selling activity.
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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