Bitcoin selling pressure is building as long‑term holders offloaded 325,600 BTC over the past 30 days—the steepest monthly drawdown since July 2025. On‑chain activity confirms older coins are moving again: 60‑day Coin Days Destroyed (CDD) climbed to 17.2 million, a clear signal that previously dormant BTC has re‑entered circulation.
Coin Days Destroyed measures how long coins sat unmoved before being spent. A higher reading indicates older, long‑inactive coins are being spent, often coinciding with profit‑taking or shifts in holder conviction. The latest spike aligns with notable whale and legacy wallet activity.
Large holders were active through October. One long‑dormant “OG” address sold 11,271 BTC (about $1.28 billion) during the month, while Owen Gunden transferred 1,448 BTC (roughly $164 million) to Kraken. Bitcoin fell to around $113,000 ahead of today’s Federal Reserve interest rate decision, a macro event that frequently amplifies market volatility. Separately, Sequans sold 970 BTC despite previously pursuing a bitcoin accumulation strategy.
In traditional markets crossover news, first‑day trading volumes for newly listed exchange‑traded funds tied to Solana (SOL), Hedera (HBAR), and Litecoin (LTC) reached approximately $56 million, $8 million, and $1 million, respectively. Another SOL‑linked ETF is slated to debut today, potentially adding liquidity and price discovery to Solana markets.
On the payments front, Visa’s CEO said the network will soon support multiple stablecoins—USDC, USDG, PYUSD, and EURC—across four different blockchains, with built‑in conversion to fiat currencies. The move underscores growing institutional interest in stablecoin settlement and cross‑border payments.
In DeFi, World Liberty Financial, a project associated with the Trump family, plans to distribute $2 billion worth of WLFI tokens to early users of its USD1 stablecoin, highlighting aggressive incentives in the race to onboard liquidity and users.
Market snapshot (24h top movers):
- Pi: $0.2638 (+13.91%)
- TRUMP: $7.76 (+13.36%)
- AERO: $0.9814 (+8.70%)
Conclusion: With long‑term holders trimming exposure, older coins on the move, and whales sending BTC to exchanges, bitcoin faces a pivotal session around the Fed decision. ETF launches and expanding stablecoin integrations could shape liquidity and sentiment across the broader crypto market in the days ahead.