Long-term holders' sell-off wave resumes, Bitcoin supply drops to an 8-month low

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【Crypto World】Long-term Bitcoin holders are starting to loosen their grip again. Data shows that the LTH supply has fallen to an 8-month low—14,342,207 BTC. This is the third significant wave of concentrated selling in this cycle.

Interestingly, this wave of selling is different from previous bull markets. The last large-scale sell-off occurred after the spot ETF was approved, and another happened when BTC was approaching $100,000. The market has been under continuous selling pressure during this round, which is also why Bitcoin has been declining from its high point in October last year, with a drop of nearly 40%.

Analysts generally believe that this selling pressure is not an abrupt event but part of a gradual market digestion and adjustment process. The behavior of long-term holders often serves as a market sentiment indicator; when they start to reduce their holdings, it usually signals subtle changes in a cycle.

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AirdropDreamervip
· 12-17 12:06
Are you guys getting shaken out again? LTH is selling, what does that mean... --- 40% decline, is this really a correction or will it continue to drop? --- The third wave of selling, I just want to know who’s buying the dip this time --- Alright, long-term holders are starting to run, and we retail investors are still dreaming --- This rhythm feels off, it doesn’t seem that simple --- LTHs are selling, is another crash coming next? --- Digesting and adjusting? Well, to put it plainly, it’s still going to fall --- Another round of cutting losses is here, are you all ready? --- Interestingly, institutions are running, retail investors are still buying, I’ve seen this script so many times --- We’ve seen through this Bitcoin routine long ago
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RektButAlivevip
· 12-17 12:04
Brothers, they're starting to run again. This time, it's really a bit different. Alright, so the big players are truly panicking now. It's both digestion and adjustment. Listen to this term... Sister Guozi, wake up quickly, this is bearish news. LTHs are dumping their positions, retail investors are still dreaming. LOL. After the $100,000 wave of cutting the leeks, are they going to keep cutting now? If this trend continues, how low will it go?
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SolidityStrugglervip
· 12-17 11:59
Brothers are starting to run again, but this time it's really different Wait, a 40% drop? Should have sold earlier LTHs are reducing holdings, while retail investors are still stubbornly holding on, losing money This cycle feels a bit strange, the rhythm is completely messed up Long-term holders move, and the trend shifts; are we still that naive? The third wave of selling? Enough already, it's time to wake up
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ChainChefvip
· 12-17 11:52
ngl this recipe's getting overcooked... lth's been simmering way too long and now they're all dumping at once? third wave already? something's definitely not seasoning right here
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SleepTradervip
· 12-17 11:49
The veteran is running again. This time, they really mean to make adjustments, right?
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AirdropHuntressvip
· 12-17 11:45
LTH selling off this wave... The data is indeed worth paying attention to, this is not accidental. Historical data shows that each such concentrated reduction hints at something; pay attention to the subsequent movements of these wallet addresses. A 40% drop is no joke, indicating that the main players are gradually offloading. Third time? After research and analysis, this rhythm is a bit strange. Don't be greedy; when LTHs start to let go, it's a signal. Don't try to catch the bottom. I didn't manage to bottom out during the spot ETF sell-off; I need to learn from this. It's time for the market to digest; everyone, observe patiently.
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