Long-Term Bitcoin Holders Cease Massive Sell-Off Amid Price Correction
Bitcoin (BTC) is trading near $76,300 after a recent price decline of about 3%. Long-term holders dumped approximately 260,000 BTC in August—its largest sell-off since January 2025. This selling activity has now nearly stopped as the coins moved to short-term buyers who briefly flipped into profit before losses returned. According to data from Glassnode and CryptoQuant, long-term holders sold more aggressively at $80,000 than during Bitcoin’s previous all-time high of around $122,000. The recent price action has stalled below key Fibonacci retracement levels with support now identified near the critical $76,500 level. Analysts are watching whether BTC can hold above this threshold to maintain short-term profits and avoid pushing August buyers back into losses. Additionally, a four-year cycle model suggests Bitcoin may be approaching another potential bottom similar to those seen in 2015, 2018, and 2022.
Topics: Bitcoin CryptoQuant Analysis Glassnode Data Long-Term Holders Price Prediction