Analysis: Nearly 1 million BTC sold by long-term holders in the past 30 days, large-scale absorption by new capital may signal a bull market rotation phase | PANews

PANews, December 18 — According to on-chain data analysis by Alpha Updates, in the past 30 days, long-term bitcoin holders have sold nearly 1 million BTC, setting a new historical high. Such large-scale sell-offs typically occur in the mid-to-late stages of a bull market, as early investors begin to take profits. During the same period, “bitcoin shark” addresses made a net purchase of 269,822 BTC, marking the largest concentrated accumulation in 13 years. This phenomenon of “old capital exiting, new capital entering” usually signals the market entering a bull market rotation phase rather than a market top. Increased volatility is expected in the future, with the dominant market forces gradually shifting.