Well folks, it looks like Bitcoin is in the middle of a mid-life crisis. The long-term holders, those steadfast souls who’ve been clutching their BTC like grim death, have decided to let go. Can you believe it? The infamous “diamond hands” are shaking their fists at the market and hitting the sell button.
The HODLers Are Finally Caving In
According to Glassnode, the analytics firm that loves to dig deep into the blockchain’s soul, Bitcoin’s long-term holders (LTHs) are finally starting to let go of their beloved coins. These are the brave souls who have kept their Bitcoin for over 155 days without so much as a single transaction. Statistically speaking, the longer you hold, the less likely you are to sell, which is why these guys are usually the immovable rock in a sea of volatile waves.
But hold on-don’t go thinking that these HODLers are impervious to temptation. Sometimes even the most resolute among us crack. And guess what? Now’s that time. The charts are showing a fresh wave of selling, and it looks like those diamond hands are, well, starting to look more like glass.
Take a look at this chart from Glassnode. It’s not a pretty sight-at least for Bitcoin’s price. The once-steadfast supply from these HODLers is dwindling, and it’s starting to look like they might be cashing out while the going’s good.
Don’t be fooled though-this isn’t the first time these long-term holders have started parting with their precious BTC. Oh no, they’ve been selling off during the rallies of 2024 too, but only in small doses. Between those sell-offs, their supply was building up like a dam about to burst. Now, the dam is open, and coins are flowing out faster than a Black Friday sale.
Here’s a fun little nugget for you: when the LTH supply goes up, it doesn’t necessarily mean they’re buying more. It could just be that the coins they bought five months ago are finally hitting the LTH threshold. You know, like when you find out your “freshly bought” shoes have actually been collecting dust in your closet for half a year.
Looking at the charts, the last wave of these coins maturing into the LTH category peaked in mid-2025. Since then, it’s been a slow drip of selling. But recently? Well, let’s just say it’s like someone turned the faucet on full blast. These guys are moving coins like it’s going out of style.
This accelerating wave of selling is happening right when Bitcoin is having a bit of a tantrum, price-wise. Maybe the HODLers think this is their last chance to take a profit before the next wave of despair comes crashing down. Because let’s face it: Bitcoin’s been trying to hold onto that $100,000 mark like a kid holding onto their last cookie. But alas, the cookie crumbled, and now the price is under $100,000.
So here we are, waiting to see what happens next. Historically, when the market sees this kind of selling pressure, it needs fresh demand to keep things afloat. Will the demand show up? Or are we about to watch Bitcoin fall into a long, dark bear market? Place your bets, folks. We’ll see how this plays out.
BTC Price
As of this moment, Bitcoin is hovering around $98,500. Not exactly the golden age, but hey, it could be worse-right?
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2025-11-14 09:18