Recent on-chain data indicates that Bitcoin’s long-term holders have increased their selling activity, which may be contributing to BTC’s drop below $100,000. These holders, defined as investors who have kept their coins for over 155 days without moving them, are typically seen as steadfast. However, they have been taking profits recently.
Analytics firm Glassnode highlighted this trend in a recent post, noting that long-term holders have reduced their supply. This isn’t the first time they’ve sold during this cycle; they also offloaded coins during rallies in 2024. Between these sell-offs, their holdings grew rapidly as coins they acquired earlier crossed the 155-day threshold to become long-term holdings.
The peak of coins maturing into this category occurred in mid-2025, and since then, long-term holders have been gradually reducing their stash, with the pace accelerating lately. This selling pressure coincides with Bitcoin’s bearish momentum, possibly prompting some holders to lock in profits while they can.
Despite attempts to stay above $100,000, Bitcoin has slipped below that level in the past day. Historically, bull markets persist if new demand absorbs selling from long-term holders. It remains to be seen whether current price declines will attract buyers or lead to a prolonged downturn.
As of now, Bitcoin is trading around $98,500, down 3% in the last 24 hours.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about Bitcoins price dropping to 98000 as longterm holders sell
BeginnerLevel Questions
1 Why is Bitcoins price dropping if its so popular
Even popular assets have price swings In this case the drop is happening because a significant number of longterm holders are choosing to sell and take profits which increases the supply of Bitcoin on the market and can push the price down
2 What is a longterm holder
A longterm holder is someone who has held their Bitcoin for a long time typically over 155 days They are often considered the most committed investors and are less likely to sell during small price dips
3 Why would longterm holders sell now
Reaching a high price like 98000 represents a major profittaking opportunity After holding for years some investors decide its the right time to secure their gains pay off debts or diversify their investments
4 Is this a bad sign for Bitcoin
Not necessarily While a price drop can be unsettling profittaking by longterm holders after a major rally is a normal and expected part of a market cycle It doesnt mean Bitcoin has failed it often indicates a healthy market correction
5 Should I sell my Bitcoin too
This is a personal financial decision If you need the money or have reached your own profit goal selling might make sense However selling based purely on fear during a dip can lead to losses Its best to have a plan and stick to it
Advanced Strategic Questions
6 How does longterm holder selling pressure actually affect the price
When longterm holders sell they move coins from cold storage onto exchanges where they can be easily sold This increases the immediate sellside pressure If new buyer demand doesnt keep up with this increased supply the price falls
7 What is the HODLer Net Position Change and what does it tell us
This is a metric that tracks whether longterm holders are collectively accumulating or distributing A negative change meaning they are selling more than they are buying often coincides with market tops and price corrections which is what were seeing now
8 Could this be a bull trap
It