Long-Term ETH Holders Are Dumping: What's Really Going On?

Here’s something that should make your alarm bells ring: Ethereum’s most diamond-handed holders—the ones who’ve been hodling for 3-10 years through multiple bear markets—are now selling at their fastest pace since December 2021.

The numbers are wild: 45,000 ETH (~$122M) flooding out daily on a 90-day moving average. These aren’t retail panic sellers or day traders chasing a quick profit. This is the OG crew taking their chips off the table.

Why Are the Believers Bailing?

According to Glassnode’s on-chain data, this exodus points to a few possibilities:

1. Profit-taking season – After months of gains, even the most patient investors want to lock in wins
2. Market concerns – Potential regulatory headwinds or macro uncertainties making them nervous
3. Portfolio rebalancing – Sometimes you just gotta trim positions that have gotten too heavy

The kicker? This exact pattern happened in December 2021… right before ETH crashed hard.

Here’s the Thing Though

Before you panic sell everything:

• Historical bottoms often form when the weak hands give up and strong hands start accumulating
• Ethereum’s fundamentals haven’t changed—growing institutional adoption, better tech, stronger ecosystem
• Just because long-term holders are selling doesn’t mean there’s no demand at lower prices

The real question: Is this a temporary reset or the start of something bigger? Market cycles are brutal—assets always flow from impatient hands to patient ones. Question is where the floor is this time.

Stay sharp, monitor the chain, don’t chase panic.