$300B in dormant BTC sold this year amid long-term holder sell-off

Approximately $300 billion worth of previously dormant BTC has entered the market this year, Wu Blockchain reported, citing K33 Research. The outlet noted that selling pressure from long-term holders over the past 30 days has been the strongest in the last five years. While demand from spot BTC ETFs and institutional crypto investors had previously absorbed a significant portion of this sell volume, the report explained that the situation has changed. A recent decline in ETF inflows, coupled with lower derivatives trading volume and retail investor participation, is now exposing an unstable market directly to the selling pressure from these long-term holders.