Ethereum is trading around $3,211 after a 10% drop in 24 hours as long-term holders are selling roughly 45,000 ETH per day — the heaviest outflow pace since 2021.
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.
Bitcoin slipped under $100,000 on Thursday as investors retreated across risk assets, with signs of fading demand and increased long-term holder selling weighing on the market.
CryptoQuant data shows long-term Bitcoin holders are selling at the strongest pace of 2025, adding fresh downward pressure on BTC's price. The shift weakens a key support cohort and raises near-term downside risk for markets.
Despite a major buy by the market's second-largest whale, Bitcoin stalled below $106,000. Long-term holder selling and strong overhead resistance trimmed the move toward $110,000.
An on-chain report shows an OG Bitcoin whale sold roughly $200 million in BTC as long-term holder (LTH) selling continues; the move raises the risk of a retest of the $96K support level and higher volatility. Traders should watch exchange inflows and derivatives activity closely.