Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers mayLong-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may

Bitcoin holders sell 245K BTC in tight macro conditions: Did the market bottom?

2026/02/10 05:57
1 min read

Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may signal that the market has bottomed.

Bitcoin (BTC) is trading above $70,000 as traders attempt to stabilize price action following the sharp sell-off last Friday, which briefly pushed BTC below $60,000 and erased nearly $10,000 in a single session.

Bitcoin holders sell 245K BTC in tight macro conditions: Did the market bottom?

Onchain data shows long-term holders (LTHs) reduced exposure at the fastest pace since December 2024, but the total supply held by long-term investors continued to rise in 2026, a divergence that may indicate traders repositioning and what may prove to be discounted Bitcoin.

Key takeaways:

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