The post Bitcoin Long-Term Holders Sold Less in 2025 Than in 2021 appeared on BitcoinEthereumNews.com.

Bitcoin The 2025 Bitcoin cycle closed without breaking one of the market’s more closely watched records. Long-Term Holders – wallets that have held Bitcoin for at least 155 days – spent approximately 15.1 million BTC over the course of this cycle. Key Takeaways LTHs spent 15.1M BTC in 2025 – less than the 15.3M spent in 2021, meaning this cycle did not set a new selling record Coinbase’s internal transfer of ~800K BTC distorted raw data; actual LTH selling was likely even lower Spot Bitcoin ETFs now hold ~1.3M BTC (6.7% of supply); Digital Asset Treasuries hold ~1.1M BTC (~5%) Institutional holders behave differently from retail LTHs, potentially acting as a structural floor on selling pressure going forward That figure falls short of the 15.3 million BTC spent during the 2021 bull run, which remains the high-water mark for LTH selling pressure. For context, the two cycles before that recorded around 7.3 million and 13.6 million BTC spent respectively. That may seem surprising given the price action this cycle, which briefly pushed Bitcoin above $100,000. But the headline numbers require scrutiny before any conclusions are drawn. The Coinbase Problem A significant chunk of what appeared as LTH spending in raw on-chain data was, in reality, internal bookkeeping. Coinbase moved approximately 800,000 BTC — the majority of which was classified as LTH supply — in what amounted to wallet reorganization rather than market selling. Strip that out, and the actual selling pressure from genuine long-term holders looks considerably softer. This isn’t an isolated case. As more institutional-grade entities operate on-chain, internal transfers of this scale have become more common. It’s less a bug in the data and more a structural feature of a maturing market — one that traditional on-chain metrics weren’t originally built to accommodate. Source: https://x.com/Darkfost_Coc/status/2032103201902567572 Who Counts as…

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Filed under: News - @ March 14, 2026 10:24 am