Bitcoin’s price has been a bit of a rollercoaster lately. While there was a small price bump in April, it hasn’t really taken off yet. But there’s some good news.
Long-Term Holders Are Sticking With Bitcoin
Crypto analyst Axel Adler Jr. spotted something interesting: Long-term Bitcoin holders (LTHs) are selling less than ever. Data from CryptoQuant shows that the amount of Bitcoin held by LTHs on exchanges is at its lowest point in a year – just 1.1%!
This is a big deal. It means LTHs are holding onto their Bitcoin instead of cashing out. Adler says that if this number drops to 1.0%, it would signal a complete lack of selling pressure. This could be a huge boost for Bitcoin’s price, encouraging new investors to jump in.
Why the Optimism?
Adler points out that most LTHs bought Bitcoin at an average price of around $25,000. The biggest selling sprees happened around $50,000 (early 2024) and $97,000 (early 2025). He thinks those were the main profit-taking periods for many LTHs. So, it’s unlikely they’ll sell off more Bitcoin anytime soon. Currently, LTHs control a whopping 77.5% of all Bitcoin!
Bitcoin’s Current State
Right now, Bitcoin is trading around $85,226. The price has been pretty flat recently, but there’s a slight upward trend in the past month. It needs a good catalyst to really break through $86,000 and start a sustained rally. Despite this, Bitcoin remains the biggest cryptocurrency, with a market cap of $1.67 trillion and controlling over 60% of the crypto market.
