Glassnode on X reports a rise in long-term holder profit-taking, coinciding with Bitcoin slipping below the $100,000 mark to roughly $98,000. The uptick in LTH selling may have amplified recent downside pressure.
Glassnode analysts say recent Bitcoin whale selling fits a late-stage cycle pattern of older holders taking profits, rather than a sudden exodus that would signal systemic risk.
Glassnode data shows Bitcoin's second-largest whale accumulation of 2025, but BTC remains capped under $106,000 amid heavy selling by long-term holders and a sizable supply cluster at $106k–$118k.
Glassnode reports Bitcoin trapped in a narrow trading band with a heavy supply cluster at $116,000 and continued ETF outflows. Thin liquidity and defensive positioning keep the market in a state of indecision.
A new Glassnode report finds Bitcoin’s on-chain and off-chain signals show stabilization but not confirmation of a bullish reversal. The firm warns the market remains in a consolidation phase, suggesting more sideways action before any clear trend resumes.