In the past 30 days, long-term Bitcoin holders have sold $60 billion worth of BTC, marking 'the largest profit-taking in this cycle.'

BlockBeats news, on November 27, according to Reuters, Anthony Pompliano, founder and CEO of Professional Capital Management, pointed out in a letter to clients that long-term holders have sold $60 billion worth of Bitcoin in the past 30 days.

Since the collapse of FTX two years ago, which led Bitcoin to drop to a low of $15,479, 21% of the Bitcoin sold by long-term holders occurred in November, marking 'the largest profit-taking so far in this cycle.'