Recent on-chain data indicates significant selling activity among Bitcoin HODLers.

CryptoVizArt, a senior researcher at Glassnode, an on-chain analytics company, shared insights in a post on X, revealing that long-term Bitcoin holders are now offloading about 500,000 BTC every month.

This selling trend has historical significance when analysing the timing of peaks during past bull runs.

The information sheds light on the current market movements and the behavior of long-term investors in the Bitcoin (CRYPTO:BTC) ecosystem, suggesting a notable shift in their investment strategy.