Bitcoin long-term holders are selling, and some analysts read it as a rally signal

On-chain data shows seasoned holders trimming positions since late July, but the pace of outflows is starting to cool Bitcoin ’s most patient owners have been quietly heading for the exits. A post on X argues that a drop in Bitcoin held for over 18 months usually comes before a strong rally. That sounds backwards at first. Why would veterans selling be good news? The answer lies in how Bitcoin cycles have historically played out, and in what the latest on-chain data actually shows. On-chain analysts track a group called long-term holders, or LTHs.