Bitcoin Long-Term Holders Accelerate Selling as Supply Drops, Glassnode Reports

Bitcoin long-term holders accelerated their sell-off with holdings supply declining rapidly and net position changes turning sharply negative, Glassnode analysis released on Nov. 13 shows. Long-term holders took profits as market participants attempted to defend the $100,000 level. The on-chain analytics firm observed a marked shift in holder behavior during this price zone.