Bitcoin Long-Term Holders Increase Sales Amid Declining Demand

According to BlockBeats, CryptoQuant's research director Julio Moreno has analyzed the recent behavior of Bitcoin long-term holders (LTH) and highlighted differences in their selling patterns. Moreno notes that it is common for long-term holders to sell during bull markets, especially when prices reach new highs, as they often seek to realize profits. The crucial factor is whether Bitcoin's demand is increasing enough to absorb sales at higher prices. For instance, during January to March and November to December of 2024, there was a simultaneous increase in demand (marked by green areas), which coincided with heightened sales from long-term holders, leading to new all-time high prices. However, since October this year, while sales from long-term holders have risen, the additional demand has been shrinking (marked by red areas), making it difficult to absorb the supply at elevated prices.