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<a href="https://bbg-news.com/btc-usd/">Bitcoin</a> News Today: <a href="https://pricpr.com/btc-usd/">BTC</a> Most Committed Holders Just Sold $2.4 Billion in 2 Days

Bitcoin is experiencing a shift today, with long-term holders selling off around $2.4 billion worth of the cryptocurrency in just the last two days. These are investors who’ve held Bitcoin for at least 155 days. Interestingly, a significant portion – 26% – of all Bitcoin sold in the last month came from people who originally bought it when prices were above $90,000.

These changes are happening as the price has fallen 12% since the start of the week, after reaching a peak above $126,000 in October. At the same time, the total value of spot ETFs has dropped significantly, from $107.8 billion to $82.83 billion.

Source: SoSoValue

Adding to existing concerns, recent US job numbers were disappointing. A revision showed job losses of around 92,000 in February, which automatically triggered sell-offs by many large investment firms, especially in riskier investments like Bitcoin. Bitcoin experienced larger outflows than traditional stocks.

The key question isn’t whether long-term investors are giving up, but whether their recent selling at low points is a typical final dip before a recovery, or a sign that they’re losing faith in the long term, which could mean this downturn will last much longer than previous ones.

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Bitcoin News Today: LTH-SOPR and Supply-in-Loss, What the On-Chain Data Is Actually Showing

According to Compass Point analyst Ed Engel, a key indicator on the blockchain shows that Bitcoin holders who’ve held for a long time weren’t trading much between February and April. However, they recently started selling more as Bitcoin’s price hit new lows for this market cycle.

Engel pointed out that this change has major effects on how much Bitcoin is available versus how much people want it. The way this works is simple, but the timing is important because this group of investors has always bought during previous price drops without selling in panic.

The LTH Spent Output Profit Ratio (LTH-SOPR) has dropped below 1.0, indicating that a significant number of long-term Bitcoin holders are now selling their coins at a loss.

A high in long-term holder supply is hiding a bigger problem.

The buyers that drove this cycle are no longer accumulating.

Whale balances are shrinking, and dolphin growth continues to deteriorate.

— CryptoQuant.com (@cryptoquant_com) June 1, 2026

Analysis of Glassnode data suggests that currently, between 39% and 43% of all bitcoins in circulation are being held at a loss. This is nearing a level – between 50% and 55% – that has typically signaled the end of major price drops in previous Bitcoin cycles, such as those seen in January 2015, December 2018, and November 2022.

Currently, there’s a profit of 11.1 million Bitcoin compared to a loss of 8.9 million Bitcoin. Historically, this difference has shrunk to zero at the lowest point of the market cycle before prices start to rise again.

According to Fidelity’s market analysis, the recent drop from October’s high (around 52%) isn’t as severe as previous bear market declines (which ranged from 77-85%). However, some key on-chain indicators, like the MVRV Z-Score and the amount of long-term Bitcoin holders currently holding at a loss, are showing levels historically seen only at the very bottom of market cycles.

According to a recent analysis of blockchain data by BeInCrypto, a key indicator is currently about 1.5 standard deviations below its average around the $62,000 price point – a level historically seen when buying activity slows down. Analyst Engel believes this pattern suggests that major buyers are starting to sell, which is typical in the final phase of a bear market, and strengthens the view that Bitcoin’s current downturn is nearing its end.

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2026-06-04 16:39