Bitcoin’s selling pressure from long-term holders has hit a yearly low of 1.1%. Analyst Axel Adler Jr. suggests that sustained holding could lead to bullish momentum. Currently trading at $85,226, Bitcoin shows signs of potential trend reversal yet needs a strong market catalyst for a rally.
Bitcoin is currently navigating a sensitive phase after a significant price correction over the past three months. Although there was a minor recovery in April, strong bullish indicators have yet to emerge, implying a subdued market environment. Nonetheless, crypto analyst Axel Adler Jr. points out a positive trend in the selling behaviour of long-term Bitcoin holders (LTH), which could indicate potential bullish momentum for the cryptocurrency.
Adler Jr. recently analysed LTH activity, revealing that the selling pressure from long-term holders has decreased to just 1.1%, the lowest level observed in the past year. This reduction indicates that more holders are choosing to retain their assets instead of cashing out for profits. A further dip to 1.0% in LTH holdings on exchanges would signal an absence of selling pressure, potentially fostering an environment conducive to new market entries and sustained accumulation of Bitcoin.
Significantly, Adler noted that most Bitcoin LTH acquired their holdings at an average price of $25,000, with previous high selling pressures recorded at 5.6% (around $50,000) in early 2024 and 3.8% ($97,000) in early 2025. These marked peaks in selling pressure represent previous profit-taking points for LTH, suggesting that further selling from this group is unlikely short-term, reinforcing a bullish outlook given that they currently possess 77.5% of the circulating Bitcoin supply.
As of now, Bitcoin’s trading price stands at $85,226, reflecting a 0.36% increase within the last day and a marginal 0.02% decrease over the past week, revealing ongoing market consolidation. The asset has shown a 1.97% increase on the monthly chart, hinting at a potential trend reversal, yet it requires a substantial market catalyst to initiate a sustainable rally. Bitcoin maintains a market capitalisation of $1.67 trillion and continues to dominate the cryptocurrency realm with a 62.9% market share.
