Bitcoin Long-Term Holders Ramp Up Selling as New Demand Fails to Keep Pace

Bitcoin long-term holders have increased selling activity since October, but new demand has contracted and cannot absorb supply at higher prices, CryptoQuant Head of Research Julio Moreno said on Nov. 7. While long-term holder selling during bull markets is normal as holders take profits at new highs, the critical factor is whether Bitcoin demand grows enough to absorb selling at elevated prices, Moreno noted. During January-March and November-December 2024, long-term holder selling increased alongside growing demand, allowing prices to reach new all-time highs, whereas the current period shows selling without corresponding demand growth.