Long-term Bitcoin Holders Stop Selling; 33,000 BTC Accumulated — Relief Rally Possible
Long-term Bitcoin holders (LTHs), defined as addresses holding BTC for at least 155 days, have shifted from net sellers to net accumulators. Earlier in 2025 LTH supply fell from about 14.8M BTC in mid‑July to roughly 14.3M BTC in December after approximately 1M BTC was sold during October’s 36% drawdown. According to on‑chain tracking (checkonchain), LTHs have accumulated ~33,000 BTC over the past 30 days — the first sustained accumulation since July 2025. Market observers note that when long-term sell pressure eases, a major source of supply-side downward pressure is removed. Bitcoin traded above $90,000 over the weekend before pulling back to around $88,870 and remains ~29.5% below the early‑October peak near $126,000 (CoinGecko). For traders, the key implications are: reduced LTH selling lowers whale sell-risk and may support consolidation or renewed accumulation; a sustained increase in demand or renewed spot inflows could amplify upside; however, large unrealized profit pools and recent volatility keep price vulnerable in the short term. Monitor on‑chain flows, spot ETF/spot buying, and macro liquidity for confirmation of a durable rally.
Bullish
The shift of long-term holders from net selling to net accumulation removes a persistent source of sell-side pressure. LTHs historically represent a stable supply pool: when they stop selling, fewer large-scale disposals hit the market. The recent ~33,000 BTC 30‑day accumulation and the cessation of the heavy profit-taking since mid‑2019 suggest supply-side compression. If demand — from retail, institutions, or spot ETF flows — remains stable or increases, price is likely to find support and has higher probability of an upside move. In the short term the market remains vulnerable: BTC is still ~29.5% below its October peak and there is a large unrealized profit pool that could trigger profit-taking on rallies. Therefore the immediate impact is cautiously bullish: reduced downside pressure raises the odds of consolidation and relief rallies, while a sustained pickup in demand would amplify gains. Traders should watch on‑chain LTH flows, net exchange inflows/outflows, ETF/spot buying, and macro liquidity to judge whether the bullish setup will translate into a durable trend.