Based on recent on-chain data, here's what I found about long-term holder (LTH) selling activity:
## Key Numbers from the Past Month
Long-term holders sold approximately 790,000 BTC over the 30-day period as of early November [Cryptopolitan](https://www.cryptopolitan.com/long-term-bitcoin-holders-are-selling/) , which represents significant distribution. In October specifically, Bitcoin's LTH supply declined by approximately 2.2% [NewsBTC](https://www.newsbtc.com/news/bitcoin/bitcoin-long-term-holders-are-leaning-towards-the-sell-direction/) .
According to CryptoQuant, long-term holders offloaded approximately 405,000 BTC over the month through early November, equivalent to more than $43 billion in realized value [Yahoo Finance](https://finance.yahoo.com/news/long-term-holders-sell-43-050516842.html) .
## The Context
While I found data on **how much** LTHs have sold, the sources don't provide the specific percentage breakdown of what portion of **total sellers** are long-term holders versus short-term holders or traders.
What we do know:
- Long-term holders still control over 70% of Bitcoin's circulating supply (around 14.5 million BTC) [Bitcoin Magazine](https://bitcoinmagazine.com/markets/are-bitcoin-long-term-holders-starting-to-sell) [Nasdaq](https://www.nasdaq.com/articles/are-bitcoin-long-term-holders-starting-sell)
- Short-term holders represent roughly 18% of circulating supply, holding around 2.6 million BTC [CoinDesk](https://www.coindesk.com/markets/2025/10/08/this-trend-has-marked-local-tops-in-bitcoin-but-this-time-may-be-different)
- The 549,119 BTC sold by LTHs from September to November 2024 represented about 3.85% of their holdings [Yahoo Finance](https://finance.yahoo.com/news/bitcoin-long-term-holders-163k-111247701.html)
The critical issue right now: demand and supply are in a delicate standoff, with large volumes of Bitcoin being sold by experienced investors but insufficient fresh capital coming in to absorb the selling pressure [Cryptopolitan](https://www.cryptopolitan.com/long-term-bitcoin-holders-are-selling/) .
Would you like me to search for more specific data on the seller composition breakdown?