Big Bitcoin Holders Are Selling, But Few Buyers | Crypto News
Bitcoin’s price has struggled to keep stability above $102,000 in latest days, and data exhibits this is due to an obvious imbalance between promoting strain and recent demand.
On-chain data from CryptoQuant reveals that while long-term holders have been actively taking earnings, the market is displaying restricted capability to take in their sell-offs. This is a distinction to earlier phases of the bull run, where rising demand was in a position to offset elevated long-term holder exercise.
Rising Long-Term Holder Selling Pressure Mirrors Past Bull Cycles
Data from on-chain analytics platform CryptoQuant, which was initially shared by Julio Moreno, head of research at CryptoQuant, exhibits an attention-grabbing change in dynamics among Bitcoin holder exercise that might form the cryptocurrency’s next transfer.
Julio Moreno explained that long-term holder (LTH) promoting is a regular sample in bull markets as traders take earnings when Bitcoin approaches or surpasses all-time highs. The CryptoQuant data exhibits that the 30-day sum of LTH spending, represented by the purple line in the chart image below, has been growing since early October.
This habits follows earlier bullish rally phases, such as those seen in early and late 2024, when profit-taking coincided with increasing demand, and so Bitcoin pushed to new file costs.
The chart accompanying Moreno’s post exhibits inexperienced areas representing intervals of constructive obvious demand growth and purple areas indicating contraction. During January to March 2024 and November to December 2024, LTH selloffs occurred as demand expanded.
Bitcoin Long-term Holder Spending
Since October 2025, however, that pattern has reversed. Even as LTH promoting elevated, demand has entered a purple zone, displaying that the market’s capability to take in this promoting strain has weakened. This has coincided with Bitcoin’s battle to maintain its place above $102,000, suggesting that price growth may be dropping momentum.
Sustained Weak Demand Could Delay Next Rally
Moreno famous that the important issue to watch isn’t just the amount of long-term holder sell-offs but whether or not demand growth can keep tempo.
When demand is strong, the inflow of provide from long-term holders often drives healthy consolidation before another price surge. In distinction, when demand falls behind, the end result tends to be extended corrections or sideways motion.
A large portion of that demand now comes from Spot Bitcoin ETFs, which have seen a sharp slowdown in inflows. Data from SosoValue exhibits that US-based Spot Bitcoin ETFs ended last week with web outflows of $558.44 million on Friday, November 7, one of the most important single-day outflows in weeks.
Unless Bitcoin’s obvious demand begins to get well in the approaching weeks and LTH sell-offs continue, then this would possibly continue to weigh on price motion and postpone the next leg of Bitcoin’s rally. In this case, we’d continue to see Bitcoin consolidating between $101,000 and $103,000 for the remaining of November.
At the time of writing, Bitcoin is trading at $101,655, down by 0.6% in the past 24 hours.
Featured image from Unsplash, chart from TradingView
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