Long-term holders have sold $60 billion worth of Bitcoin in the past 30 days, marking the largest profit-taking event of this cycle.

TechFlow news — On November 27, according to Reuters, data cited in a client letter released Tuesday by Anthony Pompliano, founder of Professional Capital Management, showed that long-term Bitcoin holders have cashed out approximately $60 billion over the past 30 days.

Analysis indicates that since Bitcoin hit its post-FTX collapse low of $15,479, 21% of the supply change among long-term holders has occurred in November this year, marking the largest profit-taking event in the current cycle.