Recent Bitcoin trading activity reveals a shift in long-term holder behavior. As market uncertainty increases, these investors are selling off their positions, according to on-chain analytics firm Glassnode. This trend is driven by the lack of strong upward catalysts and a perceived rise in risk. 85% of Bitcoin’s long-term holdings were sold, prompting some analysts to consider this evidence of an impending market correction. Glassnode highlighted key support levels for short-term price stability at $103,700 and $95,600. If these levels hold, it could signal a potential stabilization point. 85% of long-term Bitcoin holdings have been sold recently, reflecting a shift away from short-term gains towards more conservative investment strategies. This is evident in the decline of MicroStrategy’s stock price as well as correlations between bitcoin and other cryptocurrencies, particularly Ethereum.