Analysis: Long-term holders sold almost 1 million BTC in the past month, signaling a possible change in the bull market

In the past 30 days, long-term holders sold nearly 1 million BTC, the highest documented sell-off. This trend often occurs towards the end of a bull market, as investors cash in their profits.

The substantial purchase by the “Bitcoin Shark” with 269,822 BTC indicates significant accumulation. The influx of new funds suggests a possible transition in the bull market phase rather than a peak, although volatility may rise.