Bitcoin long-term holders keep selling, but the pace of outflows is slowing
- —LTH supply dropped from 16.41 million to 16.06 million BTC between July 30 and October 19
- —The 30-day change in LTH supply stood at -195,000 BTC in late October
- —Distribution days fell from 13 of 15 to 10 of 15 by the end of the month
- —BTC traded in a $80,000–82,800 range, below prior highs near $84,000
Why it matters: LTH supply declines have historically coincided with early rally phases, but holders are still selling into a market that has yet to rally.
Source: Crypto Briefing