Odaily星球日报讯 大约一周前，比特币长期持有者已经在出售大量比特币。他们将持有的比特币总量从 9 月中旬的约 1420 万枚减少到约 1320 万枚。比特币目前的交易价格比 108,000 美元左右的历史高点低 13%，这是自特朗普在 11 月初赢得美国大选以来的最高水平。根据 Glassnode 的数据，周四，比特币长期持有者出售了近 7万枚 BTC，这是今年第四大单日抛售。（Coindesk）

自9月以来比特币长期持有者已出售100万枚比特币

Odaily Odaily reported that about a week ago, long-term Bitcoin holders have been selling a large number of Bitcoins. They reduced the total amount of Bitcoin they held from about 14.2 million in mid-September to about 13.2 million. Bitcoin is currently trading 13% below its historical high of around $108,000, the highest level since Trump won the US election in early November. According to Glassnode data, long-term Bitcoin holders sold nearly 70,000 BTC on Thursday, the fourth largest single-day sell-off this year. (Coindesk)

Long-term Bitcoin holders have sold 1 million Bitcoins since September

Odaily reports that according to the latest report by K33 Research, institutional investors purchased 859,454 Bits in 2024, accounting for 4.3% of the total circulating supply, equivalent to 8 years' worth of Bit issuance. Among them, spot ETF funds cumulatively increased their holdings by 561,781 Bits, and the total AUM of US ETFs has reached 1.4 million Bits, with BlackRock's IBIT holding the largest amount of 542,653 Bits, valued at around $54 billion. On the public company side, they increased their holdings by 297,673 Bits in 2024, with MicroStrategy purchasing nearly 250,000 Bits through active financing strategies, and currently holding 439,000 Bits. The report points out that although about 230,000 Bits came from bankruptcy liquidations and seized assets (including Mt. Gox and the German government), institutional demand effectively absorbed the selling pressure. Currently, about 22% of the circulating supply is available for trading in the market, close to the 2021 high level.

K33 Research: Institutional investors will buy 859,000 bitcoins in 2024, equivalent to 8 years of bitcoin output

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The crypto news outlet Mars Finance reported that according to a recent <glassnode> report, the sustained bull market in Bitcoin signifies a major shift in wealth flowing from long-term holders to new investors, which is a sign of the Bitcoin market's maturity. Long-term holders have been realizing record profits, peaking at $2.1 billion per day, while new investors have sufficient demand to absorb this supply. The report suggests that this trend indicates the Bitcoin ecosystem's depth and diversity are continuously expanding, driven by increased institutional participation and heightened retail interest. In 2024, long-term Bitcoin holders (particularly those holding Bitcoin for 6-12 months) are expected to be the primary contributors to selling pressure. These tokens were mainly acquired earlier this year and account for 38.5% of the $27.3 billion in realized profits since November. Meanwhile, Bitcoin held for over three years is relatively dormant, suggesting that higher price levels may be required to incentivize their sale. The report notes that this is a natural cycle in the Bitcoin market, where as prices rise, long-term holders distribute wealth, allowing new investors to absorb the supply. Despite the large profit-taking by long-term holders, new investors have shown resilience, providing the liquidity to sustain Bitcoin's upward momentum. Metrics related to short-term holders (STH) highlight their ability to withstand market adjustments without triggering cascading sell-offs. Furthermore, the current Bitcoin cycle has seen lower volatility compared to previous bull markets. The maximum drawdown in August was 32%, significantly lower than previous cycle adjustments. Analysts attribute this stability to increased institutional participation, with the launch of spot Bitcoin ETFs and the widespread adoption of digital assets driving this trend. In addition to buying pressure from new retail investors, this institutional demand has significantly supported the market, ensuring liquidity during sell-offs and supporting price resilience.

Glassnode: Bitcoin wealth redistribution, long-term holders take profits, new investors absorb supply

This morning (19th) at 3 am, after the US Federal Reserve's interest rate decision was announced, although it announced a 1-notch rate cut, lowering the benchmark interest rate to 4.25%-4.5%, due to the reduced expectation of a rate cut next year, BTC began to enter a downward trend, with BTC plunging from a high of $104,800 to a low of $100,000, a short-term drop of as much as 4.6%. As of the time of writing, it is currently reported at $100,504.

Another possible reason for the selling pressure is that in the press conference after the FOMC meeting, Fed Chairman Powell said: "We are not allowed to hold <BTC>..."