Key TakeawaysLong-term Bitcoin holders are selling a lot right now, putting downward pressure on the price. Bitcoin (BTC) has started 2026 on shaky ground, grinding between $88,000 and $90,000 after falling hard from its $124,000 peak. Long-term Bitcoin holders (LTHs)—investors who have held BTC for at least 155 days—may be starting to sell in size. Long-Term Holders Dump HardAccording to Glassnode data, Bitcoin long-term holders are dumping BTC faster than during the October 2025 crash. Over 22% of BTC supply is held at a loss, a level last seen in early 2022 and mid-2018, heightening sensitivity to further declines.