Long-term Bitcoin holders have offloaded 295,000 BTC in the past 30 days, averaging about 9,800 BTC per day, according to CryptoQuant analyst Axel Adler Jr. This recent selling activity is significantly lower than the peaks of 800,000 BTC sold in May and December 2024. Despite the substantial sales volume, the market's ability to absorb this pressure suggests a continued bullish trend, provided demand remains strong.
Long-term Bitcoin Holders Sell 295,000 BTC in 30 Days
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