Long-term Bitcoin holders resume selling as BTC price lags traditional markets, with holders of BTC for at least 155 days selling roughly 143,000 BTC in the past 30 days. Long-term holders currently control about 14.5 million BTC, and approximately 2 million of those coins are sitting at a loss. There was a 36% drawdown from the October high through late November, and late December into early January long-term holders shifted back to net accumulation. These recent distribution patterns and loss-bearing positions underline the article’s analytical and cautious approach, with emphasis on downside risk and market stress.
Bitcoin’s price moved to as high as $97,000, and the price was trading above $120,000 in August. Around 170,000 BTC were sold over a 30-day period in August, and nearly 15 million long-term holder coins were in profit at that time. The last 50% halving reduction took place in April 2024, and the October peak was predicted by a four-year cycle related to the miner reward halving. The introduction presents current flows, price benchmarks, and prior cycle markers as context for ongoing market monitoring.
In recent months, long-term Bitcoin holders, defined as those holding BTC for at least 155 days, have significantly increased their selling activity. In the past 30 days, this group has sold approximately 143,000 BTC. This represents a substantial movement towards cashing out, aligning with a noticeable trend of distribution after a period of significant holding.
Comparatively, in the month of August, these long-term holders sold around 170,000 BTC, indicating a slightly higher rate of selling during that period. The difference in selling volume between these two months highlights potential variations in market sentiment and conditions influencing long-term holders.
Currently, long-term Bitcoin holders own about 14.5 million BTC. However, not all holdings are in a favorable position, as approximately 2 million of those coins are sitting at a loss. This considerable amount of loss-bearing BTC highlights the challenges and market stress faced by these holders as they navigate through fluctuating prices and economic conditions. This ongoing activity continues to add pressure to an already volatile market.
Bitcoin’s price was reported trading above $120,000 in August, and the market also recorded a jump to as high as $97,000. The October peak was predicted by a four-year cycle related to the miner reward halving, and the last 50% halving reduction took place in April 2024. From the October high through late November there was a 36% drawdown. These reported price benchmarks and the subsequent drawdown frame the recent period of heightened volatility and are presented without inference.
Late December into early January, long-term holders shifted back to net accumulation. In August, around 170,000 BTC were sold over a 30-day period, and nearly 15 million long-term holder coins were in profit at that time. In the past 30 days, holders of BTC for at least 155 days sold roughly 143,000 BTC. Approximately 2 million BTC are sitting at a loss among long-term holders, and these positions are recorded alongside the noted shifts in accumulation and distribution.
At the August peak, nearly 15 million long-term holder coins were recorded as being in profit. Long-term holders are reported to currently own about 14.5 million BTC. Approximately 2 million BTC among long-term holders are currently sitting at a loss. These figures are presented as reported without additional interpretation.
Combining the reported totals shows the distribution of profit-bearing versus unprofitable coins among long-term holders: nearly 15 million coins were in profit at the August peak while roughly 2 million are loss-bearing at present, set against the current reported long-term holder ownership of about 14.5 million BTC. The available sources do not provide further breakdowns of the timing or specific holdings that account for the movement between profit and loss states.
Pudgy Penguins is building a multi-vertical consumer IP platform combining phygital products, games, NFTs and the PENGU token. This fact is stated among the article’s listed facts. The available sources do not provide further operational detail about that platform.
The available sources do not provide information linking Pudgy Penguins’ platform activities to the Bitcoin market facts presented elsewhere in this article. The available sources do not provide this information. No additional context or timeline connecting the NFT project to the long-term holder data is included in the available sources.
Long-term Bitcoin holders have resumed selling, with holders of BTC held at least 155 days selling roughly 143,000 BTC in the past 30 days and previously selling around 170,000 BTC over a 30-day period in August.
Long-term holders currently own about 14.5 million BTC, with approximately 2 million of those coins sitting at a loss and nearly 15 million long-term holder coins recorded as being in profit at the August peak.
Bitcoin’s price benchmarks during the period include trading above $120,000 in August and a jump to as high as $97,000, followed by a 36% drawdown from the October high through late November.
The October peak was predicted by a four-year cycle related to the miner reward halving, and the last 50% halving reduction took place in April 2024.
Late December into early January, long-term holders shifted back to net accumulation, and the reported combination of resumed distribution, loss-bearing positions and recent drawdowns portrays an ongoing downside risk and market stress as presented in the available facts.
