$BTC Long-Term Bitcoin Holders Are Selling — But the REAL Story Is Who’s Buying 🚀
Long-term BTC holders always sell into strength — especially during bull markets when liquidity is deepest. The chart shows revived supply across age bands (6m+), highlighting coins that have sat dormant, now moving on-chain — most often to be sold, with some portion being internal reshuffling.
Since the 2022 bottom, we’ve seen three major long-term holder distribution phases, each triggering:
1️⃣ A surge in older coins being revived
2️⃣ A long stretch of chop-solidation
3️⃣ A fresh BTC expansion phase once supply overhang resets
This current wave mirrors previous cycles — but here’s the part that matters:
👉 If long-term holders are selling… someone else is absorbing their coins.
👉 And it’s not retail — retail demand is still historically low.
So who’s stepping in?
Institutional allocators
ETF-driven demand
Sophisticated whales repositioning
Large private investors accumulating silently
Every major BTC run in history has required long-term holders to distribute into new strong hands.
And right now, the biggest question in Bitcoin isn’t who’s selling — it’s who has the firepower to soak up this supply and still push price higher?
The answer to that will define the next phase of the cycle.
#Bitcoin #OnChainAnalysis #BTCWhales
