Bitcoin Long-Term Holders Accelerate Sell-Off as Price Nears $100K

Bitcoin long-term holders are rapidly selling off holdings as the cryptocurrency hovers near $100,000, according to Glassnode’s latest analysis.

This trend indicates potential profit-taking risks amidst efforts by bullish investors to sustain current price levels.

Historical Insights and Market Corrections Forecast

Bitcoin long-term holders have sharply increased their sell-off as the cryptocurrency approaches $100,000, according to Glassnode’s analysis. The data shows a sharp decline in supply holdings and a negative shift in net position changes, indicating significant profit-taking by holders.

The trend reflects broader market changes, with long-term holders actively taking profits despite ongoing bullish sentiments attempting to maintain the psychological $100,000 level. This shift marks a crucial juncture as stakeholders reassess strategies.

Yan Allemann, Co-founder at Glassnode, stated, “Bitcoin long-term holders accelerate profit-taking as supply holdings contract and net position change turns sharply negative, while bulls defend the $100K threshold.”

Market reactions include a lack of specific commentary from prominent figures like Arthur Hayes and CZ. However, the general market sentiment acknowledges the risks associated with the distribution of Bitcoins, potentially influencing price trends in the short term.

The Coincu research team

Did you know? In previous cycles, long-term holders often acted as market stabilizers. However, the current trend of selling suggests a shift in their role, potentially signaling a bearish trend.

Bitcoin (BTC) maintains a dominant presence in the cryptocurrency market with a market cap of formatNumber($1,969,400,391,267). As of November 13, 2025, BTC’s price is $98,726.65, reflecting a 2.28% drop over the past 24 hours, per CoinMarketCap. BTC’s circulating supply stands at 19,948,012, approaching its max of 21 million.

The Coincu research team suggests the current sell-off reflects potential regulatory concerns and financial readjustments. Historically, such sell-offs precede significant market corrections. Analysts argue this distribution phase indicates a necessary recalibration following unmet rally expectations and possible tax considerations.