CryptoQuant's latest report reveals significant selling pressure from Bitcoin's long-term holders. Over the past 30 days, approximately 815,000 BTC have been sold, marking the highest sell-off since January 2024. This substantial offloading by long-term holders suggests a shift in sentiment. Historically, these holders have been considered staunch believers in Bitcoin's long-term value. Their decision to sell now indicates concerns about current market conditions. According to CryptoQuant, the primary driver behind this sell-off is decreased demand. With fewer buyers entering the market, the increased supply from long-term holders is putting downward pressure on the Bitcoin price. This imbalance between supply and demand could lead to further price corrections in the short term. Investors should monitor market trends closely and exercise caution. ```