Bitcoin’s recent surge to nearly $119,000 has put it in rare territory — not just in terms of price, but also investor psychology. After months of steady accumulation, long-term holders (LTHs) are beginning to sell, signaling a shift that could shape the next phase of this cycle.
A Turning Point for Long-Term Holders
The data is clear: wallets that have held #bitcoin for over 155 days — often considered the most patient and strategic investors — have offloaded 52,000 BTC since the asset topped out around $118K. That’s not just a number; it’s a signal.