Significant Bitcoin Outflows from Long-Term Holders

According to Foresight News, data from Glassnode shows that approximately 97,000 bitcoins were sold by long-term holders on Friday. Analyzing the holding periods, most of these bitcoins came from three specific holding periods.

About 34,500 bitcoins were sold by holders who had held them for 1-2 years. Those who held their bitcoins for 6-12 months sold approximately 16,600 bitcoins. Additionally, holders with a duration of 3-5 years sold around 16,000 bitcoins.

These three holding periods collectively account for about 70% of the total bitcoin outflow from long-term holders.#btc