Bitcoin Long-Term Holders Accelerate Selling as Bulls Defend $100,000 Level

According to Glassnode’s latest on-chain briefing, Bitcoin long-term holders are accelerating profit-taking as their holding supply contracts. Data shows the net position change has swung negative, signaling a shift in veteran coins from accumulation to realization. The development comes as the market tests price resistance near $100,000, with entrenched holders trimming exposure even as new demand remains a variable for the near term.

Analysts note that the dynamic underscores a cautious transition in market structure, where long-term holders and short-term traders interact around a critical psychological level. While selling pressure remains a feature, the resilience of demand at key levels could inform policy-like risk management among investors and help shape near-term liquidity flows and volatility expectations.