According to Glassnode data, selling activity by long-term Bitcoin (LTH) holders has recently accelerated, with the 14-day moving average indicating increased activity, though still within the normal range for the current cycle and below the peak seen in October-November 2024. Last Friday, LTH sold approximately 97,000 BTC in a single day, the largest single-day sell-off of the year. Based on the duration of holding, the BTC sold primarily came from the following groups: approximately 34,500 BTC held for 1-2 years; approximately 16,600 BTC held for 6-12 months; and approximately 16,000 BTC held for 3-5 years. Together, these groups accounted for approximately 70% of the total sell-off.