Long-Term Bitcoin Holders Trim $36.8 Billion from Their Positions
According to new on-chain data from CryptoQuant, long-term Bitcoin holders have sold approximately 325,600 BTC, equivalent to $36.8 billion, over the past 30 days. The report highlights a significant reduction in long-held reserves, marking one of the most active selling periods in 2025.
Analysts note that these movements coincide with recent price corrections, suggesting that seasoned holders are taking profits after Bitcoin’s prolonged rally earlier this year.
Market Dynamics and Profit Realization
The data shows a clear pattern of distribution from addresses inactive for over six months. This cohort of investors—commonly referred to as long-term holders (LTHs)—is often viewed as a stabilizing force in the Bitcoin market. However, their recent selling behavior indicates a growing tendency to lock in profits amid macroeconomic uncertainty.
CryptoQuant analysts point out that while short-term traders typically drive daily volatility, the movements of long-term holders can have a more sustained impact on Bitcoin’s price direction.
Potential Implications for Bitcoin Price
Historically, heavy selling by long-term holders has preceded temporary market corrections, as liquidity increases and buying pressure weakens. Despite the sell-off, Bitcoin’s fundamentals remain strong, with institutional inflows continuing through spot ETFs and custodial platforms.
Experts predict that once the market absorbs the recent supply, a new phase of accumulation could emerge—particularly if Bitcoin stabilizes above key support levels.
Investor Sentiment Remains Divided
Market sentiment remains mixed, with some traders viewing this sell-off as a healthy consolidation phase, while others fear it may signal a broader risk-off shift. On-chain data also shows that many of these coins were moved to centralized exchanges, potentially indicating preparation for liquidation.
In the longer term, analysts believe that such selling waves are part of the natural market cycle as Bitcoin matures into a more institutionally integrated asset.
