{"id":686757,"date":"2025-01-31T06:30:08","date_gmt":"2025-01-31T06:30:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=686757"},"modified":"2025-01-30T17:53:43","modified_gmt":"2025-01-30T17:53:43","slug":"bitcoin-hodler-selloff-1-million-btc-profit-taking","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-hodler-selloff-1-million-btc-profit-taking\/","title":{"rendered":"Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues"},"content":{"rendered":"<p>On-chain data shows the Bitcoin long-term holders have shed a significant amount of the cryptocurrency from their holdings recently.<\/p>\n<h2>Bitcoin Long-Term Holders Have Been Realizing Notable Profits Recently<\/h2>\n<p>In its latest weekly report, the on-chain analytics firm <a href=\"https:\/\/insights.glassnode.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Glassnode<\/a> has discussed about how supply has shifted between BTC short-term holders and long-term holders recently.<\/p>\n<p>The &#8220;<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-short-term-holders-capitulating-bottom\/\" target=\"_blank\" rel=\"noopener \">short-term holders<\/a>&#8221; (STHs) and &#8220;<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-hodling-long-term-holders-selling-profit\/\" target=\"_blank\" rel=\"noopener \">long-term holders<\/a>&#8221; (LTHs) here refer to the two main divisions of the Bitcoin market done on the basis of holding time. The investors who bought their coins within the past 155 days fall in the former cohort, while those who have been holding for longer than this period are put in the latter one.<\/p>\n<p>Statistically, the longer an investor holds onto their coins, the less likely they become to sell said coins at any point. Thus, the STHs can be considered to include the weak hands of the market, while the LTHs represent the resolute entities.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-mpi-crossover-suggest-bull-run-still-on\/\" target=\"_blank\" rel=\"noopener \">Bitcoin MPI Crossover Could Suggest Bull Run Still On<\/a><\/div>\n<p>Now, here is the chart for the supplies of the two groups shared by the analytics firm in the report:<\/p>\n<figure style=\"width: 2000px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insights.glassnode.com\/content\/images\/2025\/01\/woc-04-04.png?resize=2000%2C1126&#038;ssl=1\" alt=\"Bitcoin Cohorts\" width=\"2000\" height=\"1126\"><figcaption class=\"wp-caption-text\">Looks like a shift has occurred in the market in recent weeks | Source:<a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-04-2025\/\" target=\"_blank\" rel=\"noopener nofollow\"> Glassnode&#8217;s The Week Onchain &#8211; Week 4, 2025<\/a><\/figcaption><\/figure>\n<p>As displayed in the above graph, the Bitcoin LTHs have participated in a <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-top-historical-hodler-selloff-pattern-says\/\" target=\"_blank\" rel=\"noopener \">selloff<\/a> recently, as their total holdings have decreased by around 1.1 million BTC. This suggests the price explosion beyond $100,000 has been too good for even these diamond hands to sit out on.<\/p>\n<p>In a <a href=\"https:\/\/x.com\/glassnode\/status\/51362655\" target=\"_blank\" rel=\"noopener nofollow\">post<\/a> on X, Glassnode has shared the data of how the ratio between the profit and loss locked in by the LTHs has compared has recently.<\/p>\n<figure style=\"width: 900px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GieRxGRbAAEW5QX?format=jpg&amp;name=900x900\" alt=\"Bitcoin LTH Realized Profit\/Loss\" width=\"900\" height=\"507\"><figcaption class=\"wp-caption-text\">The historical trend in the realized profit\/loss ratio of the BTC LTHs | Source: <a href=\"https:\/\/x.com\/glassnode\/status\/51362655\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\">Glassnode on X<\/a><\/figcaption><\/figure>\n<p>From the graph, it&#8217;s visible that the Bitcoin LTHs have seen a much more massive profit-taking volume than loss-taking one recently. This trend was also witnessed in each of the past bull runs.<\/p>\n<p>The pattern isn&#8217;t surprising, as the LTHs tend to amass such a huge amount of gains through their patience that by the time the bull run rolls around, they are ready to harvest big numbers.<\/p>\n<p>Naturally, as the latest selling from the LTHs has occurred, the STH supply has increased by the same amount. Whenever the LTHs sell, some new buyer comes in to take their coins.<\/p>\n<p>During bull markets, a high amount of fresh demand tends to flow in that absorbs the profit-taking from the LTHs. So long as the balance in the market maintains, the rally continues. Once the demand runs out, however, the price reaches a top.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-mvrv-forms-last-led-to-40-price-crash\/\" target=\"_blank\" rel=\"noopener \">Ethereum MVRV Forms Signal That Last Led To 40% Price Crash<\/a><\/div>\n<p>It now remains to be seen how long the Bitcoin market can continue to absorb the aggressive profit-taking spree from the HODLers.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, Bitcoin is trading around $105,100, up more than 2% over the last week.<\/p>\n<figure style=\"width: 1438px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/SiJIt8l0\/\" alt=\"Bitcoin Price Chart\" width=\"1438\" height=\"842\"><figcaption class=\"wp-caption-text\">The trend in the price of BTC over the last five days | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from Dall-E, Glassnode.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On-chain data shows the Bitcoin long-term holders have shed a significant amount of the cryptocurrency from their holdings recently. Bitcoin Long-Term Holders Have Been Realizing Notable Profits Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how supply has shifted between BTC short-term holders and long-term holders recently. The &#8220;short-term holders&#8221; (STHs) and &#8220;long-term holders&#8221; (LTHs) here refer to the two main divisions of the Bitcoin market done on the basis of holding time. The investors who bought their coins within the past 155 days fall in the former cohort, while those who have been holding for longer than this period are put in the latter one. Statistically, the longer an investor holds onto their coins, the less likely they become to sell said coins at any point. Thus, the STHs can be considered to include the weak hands of the market, while the LTHs represent the resolute entities. Related Reading: Bitcoin MPI Crossover Could Suggest Bull Run Still On Now, here is the chart for the supplies of the two groups shared by the analytics firm in the report: As displayed in the above graph, the Bitcoin LTHs have participated in a selloff recently, as their total holdings have decreased by around 1.1 million BTC. This suggests the price explosion beyond $100,000 has been too good for even these diamond hands to sit out on. In a post on X, Glassnode has shared the data of how the ratio between the profit and loss locked in by the LTHs has compared has recently. From the graph, it&#8217;s visible that the Bitcoin LTHs have seen a much more massive profit-taking volume than loss-taking one recently. This trend was also witnessed in each of the past bull runs. The pattern isn&#8217;t surprising, as the LTHs tend to amass such a huge amount of gains through their patience that by the time the bull run rolls around, they are ready to harvest big numbers. Naturally, as the latest selling from the LTHs has occurred, the STH supply has increased by the same amount. Whenever the LTHs sell, some new buyer comes in to take their coins. During bull markets, a high amount of fresh demand tends to flow in that absorbs the profit-taking from the LTHs. So long as the balance in the market maintains, the rally continues. Once the demand runs out, however, the price reaches a top. Related Reading: Ethereum MVRV Forms Signal That Last Led To 40% Price Crash It now remains to be seen how long the Bitcoin market can continue to absorb the aggressive profit-taking spree from the HODLers. BTC Price At the time of writing, Bitcoin is trading around $105,100, up more than 2% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":686809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,86710,84666,85496,16136,1119,78790],"class_list":["post-686757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-hodlers","tag-bitcoin-long-term-holders","tag-bitcoin-profit-taking","tag-bitcoin-selloff","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin long-term holders have shed a significant amount of the cryptocurrency from their holdings recently.\" \/>\n<meta name=\"robots\" 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Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues","url":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-hodler-selloff-1-million-btc-profit-taking\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-hodler-selloff-1-million-btc-profit-taking\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/btc_46c70c.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/btc_46c70c.png?fit=1792%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin hodlers","bitcoin long-term holders","bitcoin profit-taking","bitcoin selloff","btc","btcusdt"],"dateCreated":"2025-01-31T06:30:08Z","datePublished":"2025-01-31T06:30:08Z","dateModified":"2025-01-31T06:30:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-hodler-selloff-1-million-btc-profit-taking\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-hodler-selloff-1-million-btc-profit-taking\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/btc_46c70c.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/btc_46c70c.png?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin hodlers\",\"bitcoin long-term holders\",\"bitcoin profit-taking\",\"bitcoin selloff\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2025-01-31T06:30:08Z\",\"datePublished\":\"2025-01-31T06:30:08Z\",\"dateModified\":\"2025-01-31T06:30:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/btc_46c70c.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/686757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=686757"}],"version-history":[{"count":3,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/686757\/revisions"}],"predecessor-version":[{"id":686964,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/686757\/revisions\/686964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/686809"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=686757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=686757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=686757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}