2 years — moved in greater volumes than during the 2,17 and 2,21 bull runs. Unlike past cycles, these older coins moved with less market hype, suggesting long-term holders are reassessing positions and selling into newfound, price-sensitive buyers. Revived supply cooled slightly in early 2,26 but has not reversed decisively. The shift coincides with BTC trading weakness (around $88,8,, at report time), a >3,% decline from the October peak near $126,2,,, and ongoing macroeconomic pressure tied to rising global risk (including U.S. tariff tensions). Key points for traders: large long-term supply unlocking increases available BTC liquidity, may add selling pressure or cap rallies; the buyer base appears more price-driven (shorter time horizons); near-term volatility may persist while on-chain composition adjusts. This is informational, not financial advice.">

Largest-ever long-term Bitcoin supply release in 2024–25 as holders shift to price-driven buyers

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On-chain analysis from CryptoQuant (reported by Kripto Mevsimi) shows 2024–2025 recorded the largest release of long-term Bitcoin supply in history. "Revived supply" — BTC dormant for >2 years — moved in greater volumes than during the 2017 and 2021 bull runs. Unlike past cycles, these older coins moved with less market hype, suggesting long-term holders are reassessing positions and selling into newfound, price-sensitive buyers. Revived supply cooled slightly in early 2026 but has not reversed decisively. The shift coincides with BTC trading weakness (around $88,800 at report time), a >30% decline from the October peak near $126,200, and ongoing macroeconomic pressure tied to rising global risk (including U.S. tariff tensions). Key points for traders: large long-term supply unlocking increases available BTC liquidity, may add selling pressure or cap rallies; the buyer base appears more price-driven (shorter time horizons); near-term volatility may persist while on-chain composition adjusts. This is informational, not financial advice.
Bearish
The largest-ever release of long-term BTC supply increases available selling liquidity from historically patient holders. When dormant coins move, they often mark structural changes — here the data indicates long-term holders are taking profits or reallocating into the hands of price-sensitive buyers. That tends to depress upside pressure and can lengthen consolidation or correction phases. Coupled with persistent macro headwinds (trade/tariff risk and higher perceived global risk appetite) and a >30% decline from the October peak, the environment points to continued downward or sideways pressure in the near term. Historical parallels: after large long-dormant coin movements in prior cycles (e.g., late 2021–2022 distributions), markets saw extended consolidation and drawdowns as selling unlocked liquidity and reduced scarcity. For traders, expect heightened volatility, potential cap on rallies until long-term holder supply abates or shifts back to accumulation, and opportunities for short-term selling or mean-reversion trades rather than assuming a sustained bullish breakout.