65,000 BTC Daily Moves by Long-Term Holders Trigger Sell-Off Fears Amid Macro Uncertainty

Woofun AI reports that Bitcoin long-term holders, defined as addresses holding coins for more than 155 days, have initiated a significant transfer surge, moving over 65,000 BTC per day for the past two days, a phenomenon attributed to analyst Murphy (@Murphychen888).

The quantitative breakdown reveals that of the total volume moved, approximately 14,000 BTC was deposited into exchanges, including a notable 2,628 BTC transfer from Trump Media (DJT) to Crypto.com. This specific flow pattern highlights the scale of institutional and high-net-worth repositioning within the current market cycle.

Structurally, the activity is driven by macroeconomic and geopolitical headwinds, including the possibility of a U.S. Federal Reserve rate hike, prolonged conflict in the Middle East, and re-emerging inflation variables. Per Woofun AI, additional risks cited involve concerns over high valuations in the U.S. stock market’s AI sector and a concentration of yen carry trade positions.

Notably, these factors collectively suggest a risk-off sentiment among long-term holders, who may be reducing exposure to volatile assets like Bitcoin in anticipation of market turbulence. The movement of coins to exchanges is often interpreted as a precursor to selling, although not all transfers result in immediate sales, potentially creating downward pressure on the broader cryptocurrency market.

Historically, when long-term holders move significant amounts of BTC, it can signal a shift in market sentiment, potentially leading to increased volatility. Whether this leads to a sustained sell-off or is merely a temporary repositioning remains uncertain, requiring investors to monitor on-chain data such as exchange inflows and long-term holder activity alongside macroeconomic and geopolitical events.