BTC long-term holders move large volume in two days, sparking sell-off fears

According to crypto analyst Murphy (@Murphychen888), Bitcoin long-term holders, defined as those holding for over 155 days, have moved more than 65,000 BTC daily over the past two days. The analyst suggested this could be a risk-off maneuver driven by uncertainty around monetary policy and geopolitical events. Murphy noted on X that of the total volume moved, approximately 14,000 BTC was deposited into exchanges, including a 2,628 BTC transfer from Trump Media (DJT) to Crypto.com. He attributed the activity to several factors: the possibility of a U.S. Federal Reserve rate hike, prolonged conflict in the Middle East, and re-emerging inflation variables. Other potential risks cited include concerns over high valuations in the U.S. stock market's AI sector and a concentration of yen carry trade positions. If these large-scale movements from long-term holders continue, it could create downward pressure on the broader market, Murphy added.