Crypto
Bitcoin long-term holder selling plunges; halving cycle points to September bottom
Selling pressure from bitcoin holders who have kept their coins for 5 years or more has fallen to its lowest level in 19 months, while indicators point to a possible market bottom around September. CryptoQuant data showed a 90-day average of 962 BTC spent by this cohort, the lowest since November 2024. Analysts said pressure is instead concentrated among newer investors, with aNUPL falling to -0.14, while some traders flagged remaining downside liquidity.
