After a volatile beginning until 2025, Bitcoin has now recovered the sign of $ 100,000, setting a new historical maximum and injecting renewed trust in the market. But while the prices rise, a critical question arises: some of the most experienced and successful owners of Bitcoin, long -term investors, begin to sell? In this piece, we will analyze what the chain data reveal on the behavior of long -term support and if the intake of recent profits should be a source of concern or simply a healthy part of the Bitcoin market cycle.
Profit signs are displayed
The exhausted production report report (sop) provides an immediate viewing of the profit made throughout the network. By enlarged in recent weeks, we can observe a clear increase in the realization of profit. The green bars clusters indicate that an evident number of investors is actually selling BTC for profit, in particular following the price rally from the $ 74,000- $ 75,000 interval to new maximums above $ 100,000.
However, although this can raise short -term concerns for potential aerial resistance, it is essential to frame it in the wider chain context. This is not an unusual behavior in the bull markets and does not make a peak cycle alone.
The supply of long -term titles is still growing
The supply of long -term titles, the total amount of Bitcoin held by addresses for at least 155 days, continues to rise, even if the prices increase. This metric does not necessarily mean that a new accumulation is taking place now, but rather than coins are aging in the long -term state without being moved or sold.
In other words, many investors who purchased at the end of 2024 or at the beginning of 2025 hold strong, moving on to long -term holders. This is a healthy dynamic typical of the previous medium of the bull markets and not yet indicative of widespread distribution.
Hodl wave analysis
To dig deeper, we use the data of the Hodl waves, which breaks down BTC Holdings from gangs by the age of the wallet. When isolating the wallets that hold BTC for 6 months or more, we discover that over 70% of the supply of Bitcoin is currently detained in the long term.
It is interesting to note that, although this number remains high, it started to decrease slightly, indicating that a part of long -term owners could be sold even when the supply of long -term titles increases. The main driver of the long -term support of the offer seems to be the short -term owners who age in the range of over 155 days, not fresh accumulation or large -scale purchases.
Using the API RAW Bitcoin Magazine Pro data, we examined the variation rate of long -term securities, classified by the age of the wallet. When this metric overlook significantly, it historically coincided with cycle peaks. On the contrary, when it increases upwards, it has often marked the bottom of the market and the periods of deep accumulation.
Short -term movements and distribution relationships
To improve the accuracy of these signals, the data can be cut more precisely by comparing very recent participants (owners of 0-1 months) with those holding BTC for 1-5 years. This comparison of age bandwidth provides more frequent insights and in real time on distribution models.
Figure 5: A Band Support Distribution Report provides precious market insights.
We discover that the strong drops in the ratio between 1-5 years compared to the most recent participants have historically aligned with Bitcoin peaks, in the meantime, rapid increases in the relationship indicate that the more BTC is scrolling through the hands of expert investors is often a precursor for the main prices of prices.
Ultimately, the monitoring of long -term investors’ behavior is one of the most effective ways to evaluate the feeling of the market and the sustainability of price movements. Long -term holders historically exceed short -term merchants by purchasing during fear and keeping volatility. By examining the distribution based on the age of BTC Holdings, we can obtain a clearer vision of potential tops and backgrounds on the market, without relying exclusively on the action of prices or on short -term feeling.
Conclusion
At present, there is only a lower level of distribution among long -term owners, nowhere near the scale that historically reports the cycle. Profits are verified, yes, but at a rhythm that appears completely sustainable and typical of a healthy market environment. Given the current phase of the bull cycle and the positioning of the institutional and retail participants, the data suggest that we are still within a structurally strong phase, with space for further growth in prices while new capital are inserted.
For further immersion searches, technical indicators, real -time market notices and access to a growing community of analysts, visit Bitcoinmagazinepro.com.
Disclaimer: This article is only for information purposes and should not be considered financial advice. Always do your searches before making any investment decision.