Bitcoin Bulls Charge as Long-Term Holders Sell

Bitcoin holders selling signals massive bull run potential

In the world of cryptocurrency, certain selling activities can indicate a potential bull run, rather than trouble brewing. This is particularly true for Bitcoin, where long-term holders are selling their holdings, and analysts see this as a bullish signal. According to Markus Thielen of 10x Research, sharp declines in long-term holder supply have frequently coincided with strong Bitcoin rallies. Over 1.1 million BTC moved hands after Bitcoin surged past $100K, reflecting growing demand among short-term traders, according to Glassnode.

Another bullish indicator is the decline in Bitcoin held on centralized exchanges. Over the past six months, exchange balances have dropped from over 3 million BTC to 2.7 million. This limits coins available for quick sales, creating a supply shock. While some coins have shifted to ETF wallets, Bitcoin ETFs now manage nearly $40 billion, up dramatically from $1.17 billion a year ago.

Bitcoin dominance is climbing, defying predictions of another altcoin boom. Spot Bitcoin ETFs have driven institutional inflows, with analysts forecasting a $200K price target by 2025. Political support is also bolstering Bitcoin's status. President Trump recently signed an executive order to explore a national Bitcoin stockpile, and states like Wyoming and Arizona are pushing pro-Bitcoin legislation.

Analysts declare the end of alt season. Bitcoin's dominance, now nearing 59%, underscores its decoupling from altcoins. Tuur Demeester, a market analyst, said Bitcoin is "leaving 'crypto' in the dust." Historically, altcoins would rally alongside BTC, but this cycle is different. As River Financial's Sam Wouters put it, "The truth is, there is no more alt season." Traders are now betting on Bitcoin's exceptionalism to lead the next market surge.