Market Alert: Long-Term Holders Cashing Out 🚨
A major shift is happening beneath the surface of the market, according to the latest data from Glassnode. Long-term holders are currently shedding 26,000 BTC per day, an outflow rate that is more than double the levels seen back in early July! This aggressive distribution is highly characteristic of a late-stage market cycle.
However, it's crucial to understand the nature of this selling: this isn't panic. This is calculated, steady profit realization by those original ($OG
) holders who bought $BTC
years ago. They are systematically taking profits after a significant run-up, a move that typically precedes major cyclical tops.
Adding fuel to this narrative, Arkham Intelligence reports a sharp increase in the "monthly average spending" across major whale wallets. This synchronized behavior across both and whales perfectly aligns with historical late-cycle profit-taking patterns.
While many indicators suggest the absolute market top hasn't been reached yet, this organized distribution presents a key risk. We are observing broader sell pressure intensifying and market liquidity beginning to thin out. $BNB
These are notable concerns that smart traders must monitor closely. Stay vigilant and manage your risk; the distribution phase is clearly underway.