Selling pressure from long-term BTC holders intensifies

Selling pressure from long-term Bitcoin holders is intensifying, CoinDesk reported, citing data from Glassnode. These investors, defined as those holding BTC for over 155 days, have sold a total of 300,000 BTC from the end of June to the present. According to the analysis, the sell-off stems from some investors liquidating their holdings as the typical pattern of an 18-month post-halving bull run has failed to materialize.