Long-term Bitcoin selling rises 61% as technical, ETF and short-term risks align

Beincrypto reports long-term Bitcoin selling jumped about 61% in 24 hours, a sign of weakening holder conviction as BTC trades flat over 24 hours and is down about 6% over the past week. On the 12-hour chart, Bitcoin is forming a head-and-shoulders pattern with a neckline near $86,430; a break would imply a measured downside of roughly 9–10%.

Momentum metrics show the 20-period exponential moving average rolling over and closing in on the 50-period EMA, and long-term holders increased selling sharply — roughly 75,950 BTC sold on January 21 versus about 122,486 BTC on January 22. The long-term holder NUPL has dropped to a six-month low but remains in the belief zone, suggesting sales are voluntary.

At the same time, Bitcoin spot ETFs recorded net selling of about $1.19 billion for the week ending January 21 — the weakest week of 2026 and the weakest since November — while the one-week to one-month holder cohort rose from roughly 4.6% on January 11 to about 5.6% now, a near 22% cohort share gain, indicating more speculative participation.

Key Topics

Crypto, Bitcoin, Bitcoin Etf, Long-term Holders, Short-term Holders, Nupl