CryptoQuant, a web-based data platform, indicates that older holders with bitcoin for more than five years have significantly reduced sales in the recent past and the related indicator has fallen to low levels since the end of 2024. The market, which had long been under pressure to allocate this part of the funds, is now losing pressure, which means that the supply pressure on Bitcoin has eased.
962 BTCs in the last three months
According to the CryptoQuant caliber, the address where the currency is held for more than five years is usually considered to be the earlier holder of the Bitcoin. In the past cycle, this segment of the population has been concentrated in the short rebound of the market, showing a strong willingness to profit from it.
Platform data show that the average expenditure for this group of older holders has fallen to 962 BTCs in the last three months, the lowest level since November 2024. The article mentions that during the previous period of heavy sales pressure, some 10,000, 30,000 and even 142,000 long-term BTC holders were sold in the market.
There have been many large transfers.
Such large transfers, which are often considered to be long-term holders ' signals of allocation of silos to the market, can also increase the upward pressure in a phased rebound. The fall in data today indicates that the willingness to sell this part of the address is significantly lower than in the previous period.
In the sense of the market, long-term holders tend to lose pressure and help to relieve supply pressures in the down-price phase. If subsequent demand rises, the market is more likely to rebound.
Prices are still not free from volatility
At the same time, it was mentioned that the price of bitcoin was still not completely free of the effects of previous fluctuations and that the overall trend remained weak. In other words, the decline in sales pressure by older holders does not mean that prices have become stronger, but at least one factor has been reduced for the continued suppression of markets.
The current market focus is shifting from whether long-term holders continue to sell to whether new demand will keep pace. The short-line movement of bitcoin may be supported if the purchase is restored and the old holder continues to be undersold.