Bitcoin Long-Term Holders Trigger Unprecedented Sell-Off in November 2024, Exceeding 366,000 BTC

According to recent data from Glassnode, significant activity has emerged among Bitcoin Long-Term Holders (LTH), with a marked increase in selling pressure. On November 26th, it was reported that LTH have experienced a substantial sell-off, with a monthly total of approximately 366,000 BTC, the highest level observed since April 2024. Notably, the holders who have maintained their positions for a duration of 6 to 12 months constituted the bulk of this selling activity, averaging about 25,600 BTC sold per day. This trend underscores a shift in market dynamics, as long-term investors adjust their portfolios in response to evolving market conditions. Understanding these patterns is crucial for investors looking to navigate the current landscape of cryptocurrency.