Bitcoin Long-Term Holders Shed 28,000 BTC as Glassnode Data Signals Excessive Net Outflow

COINOTAG News reports, citing Glassnode data, that as of October 15, Bitcoin long-term holders’ balance declined by 28,000 BTC, signaling a pronounced net outflow from strategic wallets. The move underscores ongoing shifts in holder behavior and custody posture.

This on-chain development points to shifting demand dynamics in the cryptocurrency market, as veteran participants recalibrate risk and rebalance portfolios against evolving macro indicators. The data lineage from Glassnode reinforces the credibility of the observed outflow.

From a supply perspective, the retreat in long-term holdings trims accretive BTC reserves and can alter near-term liquidity environments during volatility episodes. Traders may monitor whether short-term entities absorb the unwind and how this interacts with price discovery.

Going forward, investors should track ongoing updates from Glassnode and COINOTAG’ coverage for corroboration, ensuring narratives remain anchored to verifiable on-chain signals and avoiding speculative claims.