Bitcoin Long-Term Holders Sell $97,000 in BTC amid Institutional Buying

Recent data indicates a significant increase in Bitcoin long-term holder (LTH) activity. On August 29th, approximately 97,000 BTC were moved, marking the largest daily volume this year, according to Glassnode. This movement came amid market volatility and coincided with institutional investments increasing their Bitcoin holdings. LTHs have been selling more coins in recent weeks, but current activity remains within typical cycle ranges.