Bitcoin News Today: Bitcoin Long-Term Holders Accumulate Amid Bullish On-Chain Signals

Bitcoin’s long-term holders have shown a marked shift toward accumulation, suggesting renewed confidence in the cryptocurrency’s value and potential for upward movement. Recent on-chain data indicates a significant reduction in daily sales from this cohort, with the volume now below $1 billion, down from an average of $1 billion in July. This trend reflects a broader behavioral change as holders increasingly choose to retain rather than liquidate their Bitcoin, a pattern often seen prior to major price rallies in previous cycles [1].

The decline in selling pressure has coincided with Bitcoin’s approach to its all-time high of $123,091, with the price currently less than $3,000 from that level. On-chain metrics also highlight a shift in investor behavior, including a drop in the Binary Coin Days Destroyed (CDD) to zero, which signals stronger holding intentions rather than selling. Furthermore, the Fund Flow Ratio indicates a reduced movement of Bitcoin between exchanges, reinforcing the notion that investors are prioritizing long-term retention over short-term trading [2].

These behavioral shifts are supported by recent market activity, including a $51 million spot market purchase of Bitcoin in late August. This represents a marked reversal from a $242 million sell-off just weeks earlier, suggesting a growing appetite for accumulation among retail and institutional buyers alike [3]. Analysts have noted that such movements often coincide with the return of bullish sentiment following key macroeconomic developments and ETF inflows, both of which have played a role in Bitcoin’s recent price recovery from $112,000 to around $115,800 [4].

The broader context of Bitcoin’s post-halving environment also supports the narrative of accumulation and potential price growth. Historical patterns show that price appreciation typically follows the halving event by 12–18 months, and the current trend among long-term holders aligns with that trajectory. As investors continue to move their Bitcoin into cold storage and reduce exposure to exchanges, the market is signaling a preference for holding over distribution [1].

If this trend continues, Bitcoin may not only reclaim its all-time high but also enter a new phase of price discovery. Some analysts predict that the price could break above $130,000 within weeks and potentially reach $146,000 within two months, though these projections are based on technical analysis and are subject to change depending on market conditions [5].

Sources:

[1] Bitcoin’s Long-Term Holders Shift Toward Accumulation, Suggesting Potential for Price Growth (https://en.coinotag.com/bitcoins-long-term-holders-shift-toward-accumulation-suggesting-potential-for-price-growth/)

[2] Metaplanet Expands Bitcoin Holdings to $2.1B (https://coinmarketcap.com/community/articles/689abd573962772b13d660a8/)

[3] Bitcoin (BTC) Price Prediction: Bitcoin Breaks Key Resistance (https://bravenewcoin.com/insights/bitcoin-btc-price-prediction-bitcoin-breaks-key-resistance-as-bulls-target-140k-and-beyond)

[4] Macro Factors and ETF Inflows Influence Bitcoin (BTC) Price Rebound (https://blockchain.news/news/macro-factors-etf-inflows-influence-bitcoin-btc-price-rebound)

[5] Bitcoin Explodes Past $122,000: Will BTC Hit $130,000 Before September? (https://cryptodnes.bg/en/bitcoin-explodes-past-122000-will-btc-hit-130000-before-september/)