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Long-term Bitcoin holders offloading assets en masse, amounting to approximately 97,000 units, while ETF investments surge, accumulating an approximate $1.5 billion.

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Long-term Bitcoin holders dispose of 97K units, while $1.5 billion inflows into ETFs
Long-term Bitcoin holders dispose of 97K units, while $1.5 billion inflows into ETFs

Long-term Bitcoin holders offloading assets en masse, amounting to approximately 97,000 units, while ETF investments surge, accumulating an approximate $1.5 billion.

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As we speak, Bitcoin (BTC) is consolidating near the $108-$110K range. However, this market is not without its challenges. Recent events such as the escalation in Israel/Gaza and renewed Russia-Ukraine energy strikes have increased the risk premium, adding an extra layer of uncertainty to the market.

Last week, we saw heavy liquidations around the $109.5K mark. BTC faces resistance at $111.6K and $113.6K, and support at $107.4K. It's crucial to watch whether BTC holds $107.4K as a key support level.

In a significant development, long-term holders (LTH) sold off 97,000 BTC on Friday, marking the largest one-day LTH move this year. The sell-off was primarily from 1-2 year old, 6-12 month old, and 3-5 year old holders. These developments could lead to headline-sensitive volatility.

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We advise our subscribers to reduce leverage, favor staggered entries, and defensive sizing as we navigate through these volatile times.

It's important to note that while specific names of long-term Bitcoin holders who sold their BTC holdings over the last decade are not directly provided in the search results, publicly known significant long-term holders who have sold include some early adopters and institutional investors in various periods. However, individual names are often private or undisclosed.

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So, if you're serious about staying ahead in the cryptocurrency game, consider subscribing to our service today. ETF flows may resume after Labour Day, which could potentially absorb long-term holder selling, making it an exciting time to be part of our community. Let's navigate this market together!

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