CoinVoice recently learned that CryptoQuant analyst Maartuun posted on X stating that since November 8, long-term holders of Bitcoin (wallets holding Bitcoin for at least 155 days) have sold 827,783 BTC, worth approximately $8.259 billion.
Maartuun emphasized that during the same period, MicroStrategy purchased approximately 149,800 BTC, while inflows to the spot Bitcoin ETF totaled 84,193 BTC. However, these only account for 30% of the amount sold by long-term holders.
According to the 30-day change chart of retail demand from CryptoQuant, Maartuun stated that despite strong selling pressure from long-term holders, Bitcoin remains strong as retail demand has also reached an 'annual high'.
Maartuun also stated that the seller risk ratio and net taker count may indicate that Bitcoin has 'reached a potential peak'. [Original link]
