{"id":39382,"date":"2025-07-29T16:18:35","date_gmt":"2025-07-29T16:18:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39382"},"modified":"2025-07-29T16:18:35","modified_gmt":"2025-07-29T16:18:35","slug":"bitcoin-faces-pressure-as-long-term-holders-shift-to-selling-at-118k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39382","title":{"rendered":"Bitcoin Faces Pressure as Long-Term Holders Shift to Selling at $118K"},"content":{"rendered":"
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Bitcoin\u2019s recent record-setting rally has triggered a notable shift in investor behavior, with long-term holders (LTHs) now offloading their stash, marking a potential inflection point in the market.<\/p>\n

On-chain data shows that LTHs, who typically hold Bitcoin for more than 155 days, have shed 52,000 BTC since the price reached its latest peak.<\/p>\n

Long-Term Holders Mirror Previous Distribution Cycles<\/h2>\n

On July 29, analyst Axel Adler Jr. highlighted<\/a> on X that LTH supply has dropped by 52,000 BTC at the $118,000 level, signaling a decisive shift from accumulation to distribution.<\/p>\n

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\u201cThe shift in balance from accumulation to distribution exactly repeats the LTH pattern from fall 2024 when the price rose from $65K to $100K,\u201d Adler noted, suggesting that profit-taking could intensify as prices climb further.<\/p>\n<\/blockquote>\n

This activity has also coincided with mounting pressure on short-term holders (STHs). According to recent analysis<\/a> by CryptoQuant, wallets holding BTC for one to three months now sit on just 13% unrealized profits, down from 69% earlier in the cycle and a fraction of the 232% and 150% gains seen at the 2012 and 2021 peaks.<\/p>\n

Adding to the complexity, Matrixport also warned of a potential \u201ctactical pause\u201d for Bitcoin as macro events, including the Federal Reserve\u2019s rate decision and a White House report on digital assets, loom over the market.<\/p>\n

Historically, August and September have been among Bitcoin\u2019s weakest months, compounding the risk of a near-term pullback despite a broadly bullish outlook for the end of the year.<\/p>\n

Price Action and Market Sentiment<\/h2>\n

At the time of this writing, BTC was trading at $118,979, up slightly by 0.6% in the last seven days and 10.8% over the past month. It has traded in a tight 24-hour range between $117,498 and $119,026, reflecting waning momentum after a strong mid-July pump. While the asset is still 71% higher year-over-year, it remains 3.2% below its all-time high, and the shift in holder behavior is starting to weigh on sentiment.<\/p>\n

However, some market watchers remain unfazed. Rekt Capital, for instance, noted<\/a> on July 28 that Bitcoin\u2019s weekly close above $119,200 had formed a bullish \u201cflag\u201d breakout structure, potentially paving the way for further gains if the level is successfully retested as support.<\/p>\n

Meanwhile, fellow analyst CrypNeuvo flagged a potential short-term dip toward $114,300 to fill a CME gap before any renewed push higher.<\/p>\n

If history repeats, this distribution period could provide an entry point for strategic buyers. But with LTH selling accelerating and short-term profits thinning, BTC\u2019s next move hinges on whether it can hold $118,000, or risk a sharper shakeout before its next leg up.<\/p>\n

The post Bitcoin Faces Pressure as Long-Term Holders Shift to Selling at $118K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s recent record-setting rally has triggered a notable shift in investor behavior, with long-term holders (LTHs) now offloading their stash, marking a potential inflection point in the market. On-chain data shows that LTHs, who typically hold Bitcoin for more than 155 days, have shed 52,000 BTC since the price reached its latest peak. Long-Term Holders […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39382","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39382"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39382\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}