Bitcoin’s Long-Term Holders Sell Amid Declining Demand

Recent analysis from CryptoQuant reveals a contrasting trend in Bitcoin sales, with long-term holders (LTH) showing increased selling activity despite the ongoing bull market. Research director Julio Moreno points out that LTH often sell during price surges, aiming to capitalize on profit opportunities, which is particularly evident during periods of new all-time highs. However, this pattern seems to be changing, as recent data suggests demand has begun to decline.