I noticed an interesting trend on the chain — long-term Bitcoin holders are once again starting to more actively offload their holdings. This cohort is usually the most calm and patient players in the market, so when they move, it’s worth paying attention.

Why is this happening? Against the backdrop of traditional markets showing more confident momentum, Bitcoin is slightly lagging. With the current price around $71.5k, long-term holders seem to be taking profits or reassessing the situation. This group typically holds positions for years, so their activity often signals changes in long-term sentiment.

It’s interesting to observe how Bitcoin will react to this pressure. If long-term owners continue selling, it could indicate some uncertainty about further growth, especially if traditional assets continue to outperform cryptocurrencies.