Bitcoin long-term holder distribution accelerated sharply after the recent short squeeze, with 30-day outflows rising from 174,500 BTC on Aug. 18 to 281,900 BTC on Aug. 28, a 61.5% increase and the highest level since early 2026.
Long-term holder MVRV climbed from 1.31 on Aug. 18 to 1.64 on Aug. 27 and remained elevated at 1.60 on Aug. 31, showing that holders still sit on substantial unrealized profits. The data suggests the price recovery created fresh profit-taking opportunities, while the market now faces a key test over whether new demand can absorb the added supply without triggering price pressure.
Bitcoin Long-Term Holder Selling Climbs 61.5% to 281,900 BTC
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