Significant Amount of Long-Term Bitcoin Holders Transact 97,000 Bitcoin in Notable 2025 Daily Spending Event

Bitcoin, the world's largest cryptocurrency, has seen a dip in its value, hovering near the $109,000 mark. This comes after a significant sell-off by long-term holders (LTHs), who moved approximately 97,000 BTC on Friday, marking the largest one-day LTH outflow in 2025.

This sell-off could signal a potential easing of near-term pressure if Bitcoin can reclaim the $113k-$114k range, as it would indicate the absorption of the recent LTH supply. However, several analysts warn a corrective leg toward $75k-$97k is possible if momentum stalls and macro jitters persist.

The 14-day smoothed trend of LTH activity is currently higher but remains within the cycle's "normal" range. This suggests that while there has been increased selling activity, it is not yet indicative of a significant shift in market sentiment.

Bitcoin is roughly 12-14% below its peak, which it reached in mid-August at over $124,000. The dip in value could be a result of profit-taking by long-term investors, who have already realized historically large profits this cycle, according to Glassnode's research.

Friday's LTH burst, coupled with net outflows from U.S. spot crypto ETFs, is believed to have contributed to the swift trip toward the $107k area. Approximately 34.5k BTC (1-2 years old), 16.6k BTC (6-12 months old), and 16.0k BTC (3-5 years old) accounted for about 70% of Friday's total LTH outflow.

Glassnode's Week On-Chain last week flagged key tactical levels. Support is seen in the $107k-$108.9k band, which Bitcoin is currently testing, while potential resistance is near $113.6k. If sellers press their advantage, a deeper downside $93k-$95k zone could be in sight.

The cycle trend since late 2024 remains up, but choppy range trading is expected unless fresh demand (spot or ETF) steps back in decisively. August's final sessions included mixed prints and a negative day on Aug 29, according to Farside's daily ledger.

Bitcoin dipped to the $107,000 area over the weekend amid a broader risk wobble. The nuance that argues for choppy range trading is that the spending is within the cycle's norms, not a blow-off seen late 2024.

Despite the recent dip, it's important to remember that Bitcoin remains a highly volatile asset, and its value can change rapidly. Investors are advised to carefully consider their risk tolerance and investment strategy before making any decisions.