Bitcoin Holders Dey Sell 97K BTC; 14-Day SMA Outflows Dey Rise
Glassnode data dey show say long-term holders for Bitcoin dey sell more, as the 14-day simple moving average (SMA) for outflows don rise reach new highs. One day alone, about 97,000 BTC LTH sales comot—na di biggest daily outflow for dis year. Even with dis spike, on-chain activity still dey within normal cycle range and e far below di October–November 2024 peak. Di report talk say dis increase na smoothed outflow trend, no be market collapse. Traders suppose dey watch LTH selling metrics and the 14-day SMA as di main supply indicators. Overall, dis sale dey important, but e no mean say Bitcoin market dey face systemic stress.
Neutral
Di sell 97,000 BTC one day by long-term holders, plus di 14-day SMA of outflows wey dey rise, dey show say supply pressure don increase. But Glassnode talk say on-chain activity still dey inside historical cycle norms and e never near last October-November peak. Similar one-day LTH selling surges for past cycles dey cause short-term price dip then consolidation, no be systemic crash. Traders fit see some temporary wahala as market dey absorb extra supply, but no bigger on-chain stress mean say stability dey. To monitor the 14-day SMA and LTH selling trend go give clear picture of supply dynamics without sign say big bearish change dey come.