Bitcoin Outflow From Long-Term Holders Surges in Recent Days

A significant surge in Bitcoin outflows from long-term holders was observed by cryptocurrency analytics firm Glassnode, according to Foresight News. Data suggests approximately 97,000 bitcoins were sold over a period of Friday alone. These sales come from three distinct holding periods: 1-2 years (34,500), 6-12 months (16,600), and 3-5 years (16,000). Collectively, these groups accounted for a substantial 70% of the total Bitcoin outflow from long-term holders. Analysts are closely watching these trends to understand potential market shifts.