Long-term Bitcoin holders sell 97,000 BTC in a single day

Long-term Bitcoin holders carried out the biggest single-day sell-off of 2025, offloading 97,000 BTC worth almost $3 billion, according to analytics firm Glassnode.

In August, Bitcoin fell by 6.5%, and on September 1 it traded at $107,400. At the time of writing, the price is $110,621 — 11% below its all-time high of $124,474.

Glassnode classifies long-term holders as those keeping coins for more than 155 days. Their activity has surged:

• 97,000 BTC sold in one day — the highest this year;
• the 14-day moving average rose to 25,000 BTC — the highest since January.

Analysts attribute this wave of selling to investor psychology. After Bitcoin first crossed the $100,000 threshold in late 2024, many saw it as a natural point to take profits.

“Think about it: how many assets in the world trade for $100,000 per unit? Very few. It makes sense that investors feel this is too expensive and choose to cash out,” Glassnode wrote.

Experts believe the market still needs time to adapt to six-figure prices. In the near term, Bitcoin is likely to trade in a broad range around $100,000 as investors adjust.