Bitcoin Long-Term Holders Liquidate $271 Million Amid Strong Market Absorption

Bitcoin investors who have held their positions for over seven years liquidated approximately $271 million in BTC on Sunday. This surge in activity represents the largest outflow from this specific 'OG whale' cohort since January 10, when a $280 million spike preceded a 13% price correction from $90,000 to $78,700. However, current market dynamics appear more resilient than those seen earlier this year. Bitcoin is currently maintaining a trading range between $70,000 and $72,000, supported by a steady absorption of supply by other market participants. On-chain data indicates that the 30-day net position change for long-term holders remained positive at 88,000 BTC as of April 9, a significant reversal from the negative flows of 152,000 BTC recorded in February. Further evidence of market strength is found in the accumulating cohorts, whose total balance rose from 4.3 million BTC on Tuesday to 4.5 million BTC by Thursday. This suggests a sustained transfer of assets into 'stronger hands,' reducing the overall impact of profit-taking from older wallets. Technical indicators further support a recovery phase. The short-term Sharpe Ratio has dropped to -40, a level historically linked to major accumulation phases in 2015, 2019, 2020, and 2023. Additionally, the buy-and-sell pressure delta is moving toward neutral territory, signaling that forced selling has eased while demand gradually rebuilds.