Long-Term Bitcoin Investors Trigger Biggest Daily Sell-Off This Year

2025/09/02 11:40
Bitcoin long-term holders (LTHs) have made their biggest move of the year, spending nearly 97,000 BTC, worth around $10.6 billion, according to on-chain data from Glassnode. The event, recorded last Friday, marks the largest single-day outflow from this cohort in 2025 so far. LTHs are defined as investors holding Bitcoin for more than 155 days, […]
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Powerball Jackpot Hits $700 Million—Here’s What The Winner Could Take Home

Powerball Jackpot Hits $700 Million—Here’s What The Winner Could Take Home

The post Powerball Jackpot Hits $700 Million—Here’s What The Winner Could Take Home appeared on BitcoinEthereumNews.com. Topline The Powerball jackpot touched $700 million—the biggest lottery prize of 2025 so far—after no tickets matched all six numbers drawn on Wednesday night, although the eventual winner will take home a much smaller payout after paying their taxes. The Powerball jackpot rose to $700 million after Wednesday night’s drawing. Los Angeles Times via Getty Images Key Facts The six numbers drawn on Wednesday night were 31, 59, 62, 65, 68, and red Powerball 5. If a winner emerges in the next draw, they will have to choose between taking the $700 million spread over 30 annualized payments or a one-time lump sum cash payout of $316.3 million—usually the popular choice. If the cash payout is chosen, the winnings will drop to $240.4 million after a mandatory federal withholding of 24% is applied. The winner could then face a federal marginal rate as high as 37%, depending on their taxable income, further slashing their winnings to $199.3 million. If the winner picks the installment route, their annual payments of around $23.3 million would drop to $14.7 million if the 37% federal marginal rate is applied. The winner may also face additional taxes based on their state of residence, as some, such as New York, tax lottery winnings at 10.9%, while others, such as Texas, Florida, and California, don’t. What To Watch For The next draw for the Powerball jackpot will take place on Saturday night. The next drawing for the Mega Millions lottery is set to take place on Friday, and the jackpot amount currently stands at $234 million. Surprising Fact The eventual winner will have to overcome astronomical odds of 1 in 292.2 million to win the Powerball jackpot. This is slightly worse than the Mega Millions jackpot, which has odds of 1-in-290.4 million. The Mega Millions used to…
Share
BitcoinEthereumNews2025/08/21 13:21
Share