Long-Term Holders Halt Bitcoin Sale For The First Time Since July, Here’s Why It’s Bullish ⋆ ZyCrypto

Long-term Bitcoin holders’ behavior has changed, and analysts interpret this as a constructive signal for the months ahead.

According to chart data shared by Ted Pillows, long-term holders have stopped selling Bitcoin for the first time since July 2025, raising expectations for a potential relief rally as distribution pressure fades.

Additional on-chain analysis shows that this group is not only pausing distribution but is beginning to accumulate again. The long-term holder accumulation metric has returned to positive territory, suggesting that confidence is slowly returning at current price levels.

However, analysts caution that this signal does not imply an immediate price rebound. Historically, long-term holder accumulation rarely aligns with exact market bottoms. Instead, it tends to appear when panic subsides, selling pressure eases, and price action becomes sluggish and frustrating for short-term participants.

Moreso, there are limitations to the signal. Earlier this year, wallet reshuffling and exchange-related movements distorted long-term holder classifications, meaning the indicator should not be viewed in isolation. Even so, the broader implication is noteworthy.

When investors with the longest time horizons stop distributing and begin adding exposure, it often reflects growing comfort with valuation rather than speculative optimism.

If this behavior persists into the new year, it would align with historical patterns in which Bitcoin rebuilds a base before larger directional moves emerge.

Meanwhile, Bitcoin rose 0.87% over the past 24 hours to trade near $90,124, outperforming its seven-day trend while still reflecting a 4.23% decline over the past month. Its price continues to hover within a narrow range of $87,000 to $90,000 as traders weigh macroeconomic uncertainty, ETF outflows, and institutional hedging activity.

Despite near-term constraints, structural drivers such as the halving cycle, institutional adoption, and the ongoing development of Layer-2 solutions like GOAT Rollup remain intact.

A continued decline in metrics such as 30-day coin days destroyed, now near 1.35 million BTC from July highs, would also reinforce the bullish view among long-term holders.