The 90-day moving average of Bitcoin sold by long-term holders fell to 962 BTC, a 19-month low, signaling reduced selling pressure near key price levels.
Bitcoin long-term holders have sharply reduced selling activity, with the 90-day moving average of BTC sold dropping to 962 BTC, the lowest level in 19 months. This decline follows peaks of 3,860 BTC in May 2024 and 2,360 BTC in September 2025, though individual sessions previously saw sales exceeding 142,000 BTC.
Current prices near $62,500 are close to the $63,200 average acquisition cost for these holders, suggesting many are refraining from selling despite proximity to their cost basis. Analysts note a divergence between short-term and long-term holders, with newer investors facing unrealized losses while long-term holders remain largely unaffected.
The adjusted net unrealized profit/loss (aNUPL) metric fell to -0.14, indicating average holders are underwater, but long-term holder capital has barely declined, reinforcing their resilience amid market pressure.