Bitcoin falls 7.2% as veteran wallets sell, corporate buying continues

Bitcoin kicked off October with a hefty correction. Down 7.2%. Long-term holders stepped up their selling pace. Glassnode data shows around 105,000 BTC moved by these veteran holders on Friday—the biggest single-day outflow we've seen in 2025.

The selling pressure? Mainly from coins sitting idle for six months to five years. This pushed up the 14-day SMA for long-term holder spending. Kind of surprising.

Wallets holding Bitcoin for 1-2 years dumped 38,600 BTC. The 6-12 month crowd offloaded another 18,400 BTC. And those 3-5 year veterans? They parted with 17,200 BTC.

These three groups made up nearly 75% of all selling. The market absorbed this wave as prices sank to $112,300 Friday afternoon. By Monday things settled around $113,500. Not terrible.

Corporate treasuries continue Bitcoin accumulation despite price dip

Bitcoin is still up about 20% year-to-date, price dip and all. But price isn't the main story anymore. The real narrative of 2025 seems to be corporate treasury adoption. Private and public companies keep piling in.

Michael Saylor's Strategy (MSTR), formerly MicroStrategy, started something big. Now over 200 corporations have followed suit. Interestingly, as of September 28, about 27% of these companies were trading below their Bitcoin holdings' value, per Capriole Investments data. Strange situation. Buying their shares basically gives you discounted Bitcoin exposure. Below market rates, sometimes.

Public companies grabbed nearly 70% of all Bitcoin purchased by major institutional players in September alone.

Jordan Peterson at Goldman Sachs thinks these institutional buyers are changing the game. This adoption wave is "enhancing Bitcoin's valuation prospects" and its decreasing volatility might make it a stronger competitor to gold. Bitcoin is slowly becoming normal in portfolios that used to stick to precious metals and cash.

Corporate treasuries aren't stopping at Bitcoin. Ethereum's gaining traction too. Smaller cryptocurrencies are catching eyes. A major media corporation just announced plans to integrate blockchain into operations. The interest is spreading.

All this corporate buying happens amid economic uncertainty. Critics of monetary policy have argued for years that quantitative easing increases market risk. Maybe inflates asset bubbles.

For those into traditional rare coins, 2025 has been pretty good too. Latin American rare coins stand out particularly. Serious collectors want tangible assets. Local auctions and specialized dealers remain your best bet for buying or selling valuable numismatic pieces right now. That's not entirely clear to everyone, though.