Bitcoin faces sell-side pressure as long-term holders sell 815K BTC in 30 days

New supply from veteran investors exceeds buyer appetite, signaling tough conditions for Bitcoin’s short-term price recovery.

Key Takeaways

• Long-term Bitcoin holders have sold 815,000 BTC within the past month.
• This sell-off has increased sell-side pressure and contributed to a price decline.

Bitcoin faces intensified selling pressure as long-term holders, veteran investors who maintain positions for extended periods, have sold 815,000 BTC over the past 30 days while market demand remains subdued.

The substantial sell-off from these established investors has created supply-demand imbalances that continue pressuring Bitcoin prices downward. On-chain indicators show long-term holders increasing market supply at a pace that outstrips current buyer interest.

Institutional buyers have absorbed portions of the recent selling from long-term holders, though overall demand weakness persists. The selling activity from existing holders is outpacing inflows from exchange-traded funds and major accumulators, contributing to stalled upward momentum for the digital asset.