According to blockchain analytics firm Glassnode, Bitcoin’s recent selling pressure from long-term holders is being efficiently absorbed by new buyers, indicating market stability.
The firm points out that these long-term holders, who typically keep their BTC for over 155 days, are now starting to accumulate again after a period of increased selling, leading to reduced price volatility.
Throughout the current market cycle (2023-2025), long-term Bitcoin holders have sold over 2 million BTC in two separate waves. However, each selling phase has been followed by a robust period of accumulation, helping to balance the impact on Bitcoin’s price and maintain stability.
Glassnode also highlights that Bitcoin holders who are on the verge of becoming long-term holders – those who have held their assets for three to six months – are showing increasing reluctance to sell.
Many of these coins were acquired during periods when prices were near all-time highs, suggesting that these holders are demonstrating confidence rather than panic selling.
Moreover, Glassnode reports that Bitcoin selling by holders within the three to six-month range has hit its lowest point in nearly four years. This decline in selling activity is seen as a sign of strength, as it indicates that recent buyers are holding their positions despite fluctuations in the market.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-holders-show-confidence-as-long-term-selling-slows/