Bitcoin Holders Show Confidence as Long-Term Selling Slows
According to blockchain analytics firm Glassnode, Bitcoin's recent selling pressure from long-term holders is being efficiently absorbed by new buyers, indicating market stability.
The firm points out that these long-term holders, who typically keep their BTC for over 155 days, are now starting to accumulate again after a period of increased selling, leading to reduced price volatility.
Throughout the current market cycle (2023-2025), long-term Bitcoin holders have sold over 2 million BTC in two separate waves. However, each selling phase has been followed by a robust period of accumulation, helping to balance the impact on Bitcoin’s price and maintain stability.
Glassnode also highlights that Bitcoin holders who are on the verge of becoming long-term holders – those who have held their assets for three to six months – are showing increasing reluctance to sell.
Many of these coins were acquired during periods when prices were near all-time highs, suggesting that these holders are demonstrating confidence rather than panic selling.
Moreover, Glassnode reports that Bitcoin selling by holders within the three to six-month range has hit its lowest point in nearly four years. This decline in selling activity is seen as a sign of strength, as it indicates that recent buyers are holding their positions despite fluctuations in the market.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
