Long-Term Bitcoin Holders Dump 371,000 BTC – What Happens Next?

Bitcoin (BTC)’s long-term holders, typically the cryptocurrency market’s strongest hands, are now selling at peak levels, with over 371,584 BTC distributed since July, signaling a major shift in holder behavior that often precedes periods of volatility, trend continuation, or major accumulation opportunities.

• Long-term holders have sold 371K+ BTC since July.
• Historically, such events often precede market pivots.
• Distribution hasn’t crashed the price, which signals strong demand.

Long-Term Holders Are Selling Bitcoin at Peak Levels

Indeed, on-chain metrics are sending a clear signal: long-term Bitcoin holders (LTHs) are engaging in their heaviest distribution phase in months, having sold over 371,000 BTC since July, according to data shared by popular cryptocurrency trading expert Ali Martinez in an X post on November 11.

As it happens, the long-term holder spending binary indicator is currently flashing peak spending, a condition that occurs when seasoned holders, typically those who accumulate during lows and rarely sell impulsively, finally begin taking profits or reallocating capital.

Why This Matters

LTH behavior is considered one of the most important macro-market signals. These holders historically sell into strength when markets show overheated conditions or strong demand. The fact that peak spending hasn’t triggered a severe price breakdown suggests market absorption remains healthy.

Selling into strength = normal cycle behavior

Indeed, long-term holders frequently sell near local tops, during periods of heightened liquidity, and/or after prolonged periods of accumulation. Therefore, their spending doesn’t automatically signal bearishness. In many cases, such distribution phases historically precede major trend continuation when markets successfully absorb supply.

Distribution often precedes re-accumulation

Currently, Bitcoin is trading at $105,090.05, indicating a decline of 1.12% in the last 24 hours, having gained 1.3% across the previous seven days, and accumulating a loss of 5.85% on its monthly chart, per the most recent information.

All things considered, the current selling pressure may soon begin to cool, and when it does, long-term holders tend to shift back into accumulation mode. This transition often aligns with strengthening price floors, reduced volatility, and/or renewed upward momentum.

If Bitcoin stabilizes despite the ongoing selling pressure, the market could be positioning itself for the next major leg of the cycle.

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