Bitcoin is testing the $63,000 level, down 1.7% on the day and 50% below its October record, due to broad risk aversion in markets and persistent selling from long-term holders realizing losses. While ETF inflows show a marginal recovery, they are not yet enough to stabilize the price.
Bitcoin struggles below key on-chain metrics like the True Market Mean ($76.6K) and short-term holder cost basis ($72.2K). Long-term holders are realizing significant losses, with daily realized value from these sales peaking near $280M. While ETF net flows have improved, they remain negative, and trading volumes are substantially below prior peaks. The Fed's minutes suggest a cautious stance on inflation, leaving room for potential policy firming, which adds to Bitcoin's vulnerability.
Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability. This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.
Long-term Bitcoin investors now hold a record 14.7 million BTC, a metric historically linked to market cycle lows. Swan Bitcoin CEO Cory Klippsten suggests this could mean an earlier bottom than previous cycles, contrasting with predictions of a late 2026 bottom.
Over six weeks, US Bitcoin ETFs lost $5.94 billion, the longest unbroken outflow since 2024, with Bitcoin dropping to a 21-month low near $58,000. Despite this, long-term holders (owning 83% of circulating BTC) remain unchanged, indicating capitulation among newer ETF investors rather than a broader market shift.
Long-term Bitcoin holders have begun selling, moving $2.4 billion in BTC recently. Analysts suggest this 'top-buyer capitulation' indicates a late-stage bear market, despite Bitcoin's struggles amid geopolitical uncertainty and negative ETF flows.
Long-term Bitcoin holders are selling off $2.4 billion in crypto, a sign of capitulation that analysts believe signals the late stages of the bear market. This comes as Bitcoin ETFs see record outflows, diverging from a rising stock market.
Bitcoin's price is unlikely to fall below $60,000 as long-term holders increase their stake to 71.6% of supply. Technical indicators and miner activity suggest a potential bottom formation.
Bitcoin’s rebound above $80,000 has turned into a live test of market depth, with long-term holders selling into strength while ETF buyers absorb supply. The result is a high-stakes standoff: seller pressure is rising, but institutional demand is still strong enough to keep a move toward $90,000 in play. While long-term holders are capitalizing on […] The post Bitcoin faces $80,000 seller test as ETF demand keeps $90,000 breakout in play appeared first on CryptoSlate.
A high-stakes tug-of-war is unfolding in the digital asset markets as Bitcoin wrestles with the critical $80,000 threshold. While long-term holders are capitalizing on the recent surge to lock in massive profits, a relentless wave of institutional capital flowing into exchange-traded funds is absorbing the sell-off, keeping hopes for a near-term rally toward $90,000 firmly […] The post Bitcoin sellers take profits above $80,000, but ETF demand keeps $90,000 rally hopes alive appeared first on CryptoSlate.
Accumulation by long-term Bitcoin holders, buying by institutional investors and a strengthening technical structure could fuel BTC’s price rise to $95,000 or higher.
