Bitcoin has been showing weakness in the past few weeks as long-term holders are bringing their coins back to the market, raising concerns about the sustainability of the recent uptrend.

Data from Glassnode shows that around 62,000 BTC, worth $7 billion, has been transferred out of long-term holder wallets since mid-October.

Bitcoin illiquid supply drops by 62,000 BTC — Glassnode

This is the first big decline in illiquid supply in the second half of 2025, and it might have a direct impact on bitcoin’s price momentum.

The scarce digital asset, which reached an all-time high above $125,000 in early October, is now trading around $115,000.

Illiquid bitcoin are…

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