Bitcoinshocked in the vicinity of $6.26 million, chain data show that older holders with currencies in excess of five years have recently experienced a significant slowdown. This means that part of the supply pressure close to the $60,000 line is being reduced, but the market is not completely free of downside risks.

Old holders sell cooling.

According to CryptoQuant Analyst Darkfost, the average daily expenditure of the older holder has fallen to 962 BTC, the lowest level since November 2024. Such addresses usually move out of hold during the winding-up phase of significant profits, and their dynamism is reduced, often interpreted by the market as a reduction in sales pressure.

Over the past two years, this group of holders has been able to concentrate on the transfer of bitcoin. The data on the chain showed marked heights in May 2024, February 2025 and September 2025, with individual single-day movements of 10,000, 30,000 or even 142,000 BTCs.

$60,000 remains a key area.

According to the analyst Ali Martinez, the chain data show that cumulatively more than 1.3 million BTCs, between 60,000 and 63 million dollars, are one of the most concentrated areas of trade. This makes the region the centrepiece of short-line multi-space competition.

He noted that the vicinity of approximately $6.06 million was the current direct support position. If this position is lost, the market could go further down to $467 million. The lower high-transaction areas also include the vicinity of $379,000.

The market had previously shown fatigue in the area. It was reported that after Bitcoin had confirmed the top of its shoulder a long time ago, $60,000 had sustained the pressure, and that if it fell between $60,000 and $606 million, prices could fall further to $575 million.

Binance inflow remains high

Despite a decline in sales by older holders, the potential for the fallout on the side of the exchange has yet to be fully offset. Darkfost states that since April 13th, the average monthly inflow of Binance bitcoin has almost doubled from 3880 BTC to 7600 BTC.

This is equivalent to a potential sale of approximately $479 million on a single Binance platform at a price of approximately $63,000. The data reflect that some of the holders still tend to transfer assets to the exchange after bitcoin has broken key prices.

Darkfost also mentioned that a similar situation did not occur for the first time in the bear market. In November 2025, when bitcoin fell to $84,000, Binance had an inflow of over 9000 BTCs; and in February 2026, when $60 million was tested, the inflow was close to 8,800 BTCs.

ETF exit slows down

The outflow of spot bitcoin ETF funds has slowed over the past two weeks, creating a certain buffer for the market. Prior to this, weak institutional demand and a decrease in risk preferences had been held back by the price of bitcoin.

However, the overall encryption market remains weak. It reported about US$ 1665, XRP about US$ 1.10 and Solana about US$ 69. The market is still under observation as to whether Bitcoin can get back on top of $63,000 and stabilize between $60,000 and $63,000.