Increase in net selling activity by long-term Bitcoin holders
According to ForiSight news, Glassnode reported on Twitter that since October 15, long-term Bitcoin holders have reduced their Bitcoin holdings by 28,000 pieces. This indicates that the number of Bitcoins sold by long-term holders has exceeded the amount acquired by short-term holders who moved into this group. This trend reflects excessive net selling behavior rather than a passive maturation of holdings.