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glassnode: Bitcoin HODLers Sell-off Accelerates in Recent Weeks, But Remains Below Last Year's Peak
BlockBeats News, September 2nd, glassnode posted an article stating that Bitcoin Long-Term Holders (LTH) have accelerated their selling in recent weeks, with the 14-day Simple Moving Average (SMA) continuing to rise. However, overall activity remains within the normal range for this cycle, significantly lower than the peak seen in October-November 2024.
This latest selling increase is mainly attributed to a single event: last Friday, long-term holders sold approximately 97,000 BTC, marking the highest single-day selling volume this year and driving a significant spike in smoothed selling activity.
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