During Bitcoin's recent drop from $87,000, long-term holders showed minimal activity in moving coins to exchanges, indicating they did not rush to sell despite the price decline. This restraint suggests that the main supply bloc capable of driving prices lower remained patient, contrasting with past corrections where long-term holders sold off heavily. The subdued sell pressure likely came from short-term traders and leveraged positions instead. This behavior may support price stability or recovery, but future market moves will depend on demand and broader economic factors beyond this single metric.
The story on long-term Bitcoin holders' selling behavior during the recent price drop is presented here with Pluang's market data for context. For readers following cryptocurrency markets, 39 of 50 major cryptocurrencies on Pluang rose while 10 fell. Notable movers include VET at Rp137 with a 4.04% increase, BCH at Rp4.896.757 down 3.88%, and NEO at Rp42.472 up 3.43%. This data is as of Oct 09, 2026 22:42 WIB.
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