The number of long-term Bitcoin holders is decreasing.

Long-Term Bitcoin Holders Experience Decline

As of November, the supply of long-term holders of Bitcoin has decreased to 14.33 million BTC, reaching the lowest level seen since March. This decline coincides with Bitcoin's correction bottom at the 80,000 dollar level.

The recovery towards 90,000 dollars indicates that the selling pressure exerted by experienced investors has largely come to an end. This situation follows a 36% fluctuation between the peak and the bottom of Bitcoin.

In contrast to previous cycles, the behavior of long-term holders observed in 2025 shows a more measured distribution instead of sudden sales. This is interpreted as a signal of change in market structure.