Bitcoin Long-Term Holders Sell 97,000 BTC in One Day — Glassnode Shows 14-Day SMA Rising

On September 2, COINOTAG News cited glassnode analysis showing that Bitcoin Long-Term Holders have recently accelerated dispositions, with the 14-day SMA of selling activity trending higher. The report frames this as an uptick in smoothed outflows rather than an abnormal market collapse.

Glassnode’s data indicate overall on-chain activity remains inside the cycle’s typical bounds and is materially lower than the October–November 2024 peak. The recent surge in the LTH selling metric was largely driven by a singular event: roughly 97,000 BTC sold on one day, the largest daily long-term holder outflow this year.

While smoothed selling measures have spiked, the broader on-chain backdrop shows no systemic stress; market participants should track LTH selling and the 14-day SMA as leading indicators of long-term supply dynamics per glassnode’s report.