Analyst: Long-term Bitcoin holders have sold 827,783 BTC in the past 30 days

CryptoQuant analyst Maartunn stated in a post on X that since November 8, long-term Bitcoin holders (wallets holding Bitcoin for at least 155 days) have sold 827,783 BTC, worth approximately $82.59 billion.

Maartuun emphasized that during the same period, MicroStrategy purchased about 149,800 BTC and inflows into spot Bitcoin ETF were 84,193 BTC. However, these only account for 30% of the quantity sold by long-term holders. According to CryptoQuant's retail demand change chart over the past 30 days, Maartuun said that despite strong selling pressure from long-term holders, Bitcoin remains strong due to retail demand reaching an "annual high". Maartuun also mentioned that seller risk ratio and net taker volume may suggest that Bitcoin has "reached its potential peak."