Bitcoin’s Veterans Cash Out: Record Long-Term Holder Sell-Off

Older Bitcoins Are Awakening: Long-Term Holders Cash Out in Historic Numbers

Bitcoin is seeing a historic shift as long-dormant coins, held for over two years, begin moving. CryptoQuant data shows long-term holders are selling, signaling a rare change in market behavior during this bull run.

Long-term Bitcoin holders are cashing out like never before, driving record-selling activity as bullish sentiment peaks. 

CryptoQuant data shows this is the highest long-term holder exit in Bitcoin’s history, highlighting both the rally’s strength and shifting investor psychology. Meanwhile, Gold’s odds of outperforming Bitcoin and the S&P 500 in 2026 rise to 45%.

The movement of long-dormant Bitcoin by long-term holders is significant, as these investors usually stabilize the market. When they begin selling, it can signal profit-taking at bull-cycle peaks or renewed confidence in liquidity, creating short-term trading opportunities while raising questions about market sustainability.

Timing matters: Bitcoin recently dipped below the key $90,000 mark, trading around $88,655 per CoinCodex data. 

Therefore, this combination of long-term holder selling and a psychological price breach could indicate an impending market consolidation or short-term correction.

As older Bitcoins awaken, the market will be closely watched to see if this signals a temporary rebalancing or a shift in sentiment. Optimism remains, with charts pointing to $132,000 targets, global liquidity models hinting at higher long-term value, and Binance’s Changpeng Zhao predicting Bitcoin could break its four-year cycle and enter a potential “supercycle” in 2026.

Conclusion

The resurgence of long-dormant Bitcoins marks a key moment in this bull run. Historic sell-offs by long-term holders inject liquidity, creating short-term volatility but highlighting strong investor confidence. How the market absorbs these older coins could shape Bitcoin’s next phase.