According to @glassnode, approximately 97,000 BTC were spent by long-term holders on Friday, marking the largest single-day LTH move this year and driving most of the increase in smoothed spending activity. Source: @glassnode, Sep 1, 2025. This concentrated event explains the latest uptick in on-chain spending metrics tracked by Glassnode. Source: @glassnode, Sep 1, 2025.