Bitcoin price is under acute selling pressure as long-term holders realize roughly 3.4M BTC in profits while U.S. spot ETF inflows have collapsed, removing institutional bid and pushing BTC toward near-term support levels around $107k–$111k.
Long-term holders realized 3.4M BTC in profit, increasing selling pressure.
ETF netflows shifted from +2.6k BTC/day to near-zero and recent daily outflows, weakening institutional demand.
Market balance: if short-term holders absorb selling, BTC can rebound toward the STH cost basis (~$111k).
Bitcoin sell-off: Bitcoin price drops as long-term holders realize 3.4M BTC in profit and ETF demand collapses. Read COINOTAG’s analysis and recovery scenarios.
Why is Bitcoin under intense selling pressure right now?
Bitcoin price is declining primarily because long-term holders (LTHs) have taken substantial profits while U.S. spot ETF demand has cooled sharply, removing a major source of buying pressure. Short-term demand must absorb these sales for a sustained rebound.
How much profit did long-term holders realize and what does it mean?
Data referenced from Glassnode shows LTH realized profits reached approximately 3.4M BTC this cycle, with 63.8k BTC realized since the recent FOMC decision. This elevated realization level signals cohort maturity and active capital rotation, increasing near-term sell-side pressure.
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How did price move after the FOMC meeting?
After a 25 bps cut signaled at the FOMC, Bitcoin briefly rallied toward ~$117k but then corrected. The market shifted from rally to downtrend as LTH profit-taking intensified and ETF netflows reversed into outflows, pressuring the price to a three-week low near $108.6k.
How much have ETF inflows changed and why does that matter?
According to on-chain analytics (Glassnode), U.S. spot ETF netflows (7D-SMA) plunged from ~2.6k BTC/day to nearly zero; daily netflow was -2.24k BTC at press time. The collapse of ETF demand removes a major institutional buyer, amplifying downside risk when combined with LTH selling.
What technical and market scenarios could follow this sell-off?
If selling continues and short-term liquidity fails to absorb supply, Bitcoin risks a dip to $107,314. Conversely, if short-term holders (STHs) and spot buyers absorb supply, BTC could recover toward the STH cost basis near $111k. Monitor netflows and realized-profit metrics for signal changes.
Bitcoin LTHs took 3.4M BTC in profit
Long-term holders accelerated profit-taking after the FOMC-driven rally. Built-up gains prompted LTHs to lock profits as downward price action persisted. Checkonchain and Glassnode metrics show heightened LTH Sell Side Risk and unusually high realized-profit volumes for this cycle.
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LTH Sell Side Risk climbed to 0.0017, signaling increased selling intent among long-term wallets. High realized-profit readings historically align with mid-to-late bull-cycle rotations, where LTHs pass coins to newer entrants.
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