Odaily Planet Daily reports: CryptoQuant analyst Darkfost posted on X that as BTC price approaches $80,000, selling activity by long-term holders (LTHs) has significantly increased. Data shows that LTHs had been in a net accumulation phase, with their monthly average supply increase peaking at 286,000 BTC in early June; however, it has now shifted to a net decrease of approximately 21,000 BTC—the first time this year that the amount of BTC sold or transferred by long-term holders has exceeded the amount newly entering long-term holding status.
Meanwhile, the amount of BTC transferred to exchanges by long-term holders has risen to the highest level since 2026, with holders who have held their coins for 6 to 18 months being the most active, transferring over 297,000 BTC. This signal warrants close attention. Although market demand has improved, increased selling pressure from long-term holders could once again shift the market’s supply-demand balance in favor of sellers.