Bitcoin Long-Term Holders Send 32,000 BTC to Exchanges in Two Days
Bitcoin long-term holders moved 32,000 BTC to exchanges on October 7 and 8, the second-largest single-day inflow since February 5. US government wallets shifted 17,200 BTC to a custody platform for the US Marshals Service, leaving 14,800 BTC of potential sell pressure. Spent coins averaged 712 days old versus 651 on July 14, and whether new demand absorbs this supply will shape the next move.