Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Analysis: Bitcoin price hits key sell zone as long-term holders slow profit-taking

Analysis: Bitcoin price hits key sell zone as long-term holders slow profit-taking

PANewsPANews2026/01/15 06:14
Show original

PANews, January 15 – According to CoinDesk, on-chain data from Glassnode shows that bitcoin has rebounded to the price range that hindered its rise at the end of last year, and profit-taking by long-term holders has significantly slowed down. These “long-term holders” who have held bitcoin for more than five months are currently selling about 12,800 BTC per week to realize profits, a pace far lower than the weekly sell-off of over 100,000 BTC when prices exceeded $100,000 last year.

Analysis points out that this slowdown has eased resistance to the price rebound, but this price range has suppressed upward momentum several times in recent months, and any broader trend reversal will still need to first absorb the selling from long-term holders. Meanwhile, escalating geopolitical tensions may lead to increased risk aversion in the market, which could pose downside risks to bitcoin prices.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
© 2025 Bitget