Bitcoin ‘Diamond Hand’ Selling Isn’t Like 2017 or 2021, Study Warns

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Bitcoin long-term holders of two years or more broke records during 2024 and 2025, says a new analysis of the latest bull market.

Bitcoin is seeing record selling from old hands, but the trend began far below current prices.

Bitcoin long-term holders have beaten records with their sales over the past two years.

Selling behavior this bull market sets it apart from previous ones.

A price cycle and investor “transition” is now underway.

CryptoQuant: Revived BTC supply “stands out”
New research from onchain analytics platform CryptoQuant confirmed ongoing sales of “significantly older coins” this bull market.

Unspent transaction outputs (UTXOs) involving BTC previously dormant for two years or more have spiked since 2024.

“What stands out is that 2024 and 2025 record the highest annual revived supply from long-term holders in Bitcoin’s history,” contributor Kripto Mevsimi commented alongside an explanatory chart.


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