$BTC Bitcoin long-term holders are selling heavily, pushing supply held by this group to an 8‑month low and shifting coins into the hands of newer buyers now sitting on losses.��Key

pointsLong-term holder (LTH) supply has dropped sharply in 2024–25 as over 1 million $BTC previously held for more than a year has been reactivated and largely sold into market liquidity.

This distribution wave has reached multi‑year highs, making 2024 and 2025 among the biggest years ever for long-term holder selling, second only to the 2017 cycle.

��Many recent buyers who entered above the six‑figure range are now in unrealized loss, while some large wallets and institutional players have started to re‑accumulate BTC on the dips.��