Long-Term Holder Bitcoin Sales Likely Hit a Low Point, Van Straten Reports.

Bitcoin Selling by Long-Term Holders Slows, Turning $100K into a Key Support Level

Long-term holders of bitcoin (BTC) appear to have ended their prolonged selling streak, a shift that has helped solidify $100,000 as a key psychological support level for the first time.

Since Jan. 17, Bitcoin has consistently held above $100,000, apart from a brief dip. The past week has been marked by heightened volatility tied to President Donald Trump’s inauguration, which has fueled increased market activity.

According to CoinDesk research, long-term holders — defined as investors who have held Bitcoin for over 155 days — have historically been a significant source of selling pressure. Often referred to as “smart money,” these investors typically accumulate Bitcoin during price dips and sell during periods of strength.

In September 2024, long-term holders collectively owned 14.2 million BTC, but this figure has since declined to 13.1 million BTC as of January. While selling slowed at the start of the year, some renewed activity has been observed as Bitcoin prices climbed, albeit at a more measured pace.

Historically, the moment long-term holders significantly reduce or cease selling tends to signal a major price cycle top. This pattern was observed during previous Bitcoin peaks in 2013, 2017, 2021, and 2024.

The trend among long-term holders will remain a key metric to watch as traders and analysts assess whether Bitcoin’s current levels can sustain further upward momentum or signal an impending top.