Long-Term Bitcoin Holders Offload 97K BTC in Largest One-Day Move of 2025
Long-term bitcoin (BTC) holders have accelerated their selling in recent weeks, increasing bearish pressure on the market.
On Friday, these holders liquidated 97,000 BTC—approximately $3 billion—representing the largest single-day sell-off by long-term investors this year, according to blockchain analytics firm Glassnode. This activity has driven much of the recent rise in BTC spending.
The 14-day moving average of coins sold by long-term holders has climbed to nearly 25,000 BTC, the highest since January. Glassnode defines long-term holders as wallets that have held BTC for more than 155 days.
Bitcoin’s price fell 3.7% to $108,000 on Friday and extended losses to $107,400 early Monday. At the time of writing, BTC trades around $103,330, down roughly 16% from its all-time high of $124,429, according to CoinDesk data.
While the volume of sales is significant, it remains below the peaks seen in late 2024, suggesting measured profit-taking rather than panic selling.
Drivers of Profit-Taking
Long-term holders, including previously dormant wallets, have been selling since BTC crossed the $100,000 threshold earlier this year. High per-unit prices naturally encourage profit realization, as few assets globally reach such levels.
This trend indicates the market is adjusting to $100K as a new baseline, with trading likely to remain range-bound near six-figure levels for some time. Investors are gradually acclimating to this elevated valuation.
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