Long-Term Bitcoin Holders Sell 97K BTC in Largest One-Day Move of 2025
Long-term bitcoin (BTC) holders have stepped up their selling in recent weeks, adding pressure to the market.
On Friday, these holders offloaded 97,000 BTC—roughly $3 billion—marking the largest single-day sell-off by long-term holders so far this year, according to Glassnode. This spike accounts for most of the recent increase in long-term holder spending.
The 14-day moving average of coins sold by long-term holders has risen to nearly 25,000 BTC, the highest level since January. Glassnode defines long-term holders as wallets holding BTC for 155 days or more.
Bitcoin’s price dropped 3.7% to $108,000 on Friday, continued to $107,400 by Monday morning, and was trading around $103,330 at the time of writing—still down 16% from its all-time high of $124,429 (CoinDesk).
Although notable, this profit-taking is slower than the intense selling seen in late 2024.
What’s Driving the Sell-Off?
Long-term holders, including previously dormant wallets, have consistently taken profits since BTC broke above $100,000 earlier this year. Investor psychology plays a role: very few assets trade at such high valuations, making profit-taking at six-figure prices a rational move.
The market is gradually adjusting to $100K as a new baseline, with BTC likely to trade in a broad range around this level for some time, giving investors a chance to adapt to the elevated valuation.
