{"id":12283,"date":"2025-05-21T02:49:56","date_gmt":"2025-05-21T00:49:56","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12283"},"modified":"2025-05-21T02:49:56","modified_gmt":"2025-05-21T00:49:56","slug":"the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/","title":{"rendered":"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply?"},"content":{"rendered":"

“`html
\n<\/p>\n

\n
\n
Trusted Editorial<\/u> material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n

Bitcoin surged to $107,000 on Sunday before quickly retracting, unsettling investor confidence and instigating new volatility throughout the market. The movement, which many anticipated would facilitate a clear breakout into price exploration, instead reaffirmed the ongoing consolidation range between $100K and $105K. Analysts remain at odds \u2014 some perceive this as a healthy pause before a greater push, while others caution of a more profound correction if BTC falls below the $100K support.<\/p>\n

As the market processes this pullback, on-chain analytics provide an essential element to the narrative. According to CryptoQuant, the supply held by Long-Term Holders (characterized as wallets retaining BTC for 18 months to 3 years) has decreased by over 2 million BTC since November 2023. This significant distribution wave indicates that long-term participants have been gradually realizing profits as prices ascended to new heights. While this doesn\u2019t ensure a crash, it does underscore the necessity for robust demand<\/a> from new entrants, including institutions, to absorb the selling pressure.<\/p>\n

With the price coiling above $100K and significant resistance looming close to ATH, the forthcoming decisive action could establish the trajectory for Bitcoin as it moves into the summer.<\/p>\n

Long-Term Holders Step Back As Bitcoin Struggles For Momentum<\/h2>\n

Bitcoin is presently at a crucial juncture, with bulls striving to uphold the vital $100,000 support zone. Following Sunday\u2019s unsuccessful breakout at $107,000, the price has retreated into familiar terrain, exasperating investors who expected a shift into price exploration. While some regard this as a typical consolidation before the next upward leg, others worry a deeper retracement could be imminent if BTC forfeits the $100K floor.<\/p>\n

The market encounters evident resistance between $105K and the all-time high near $109K \u2014 a liquidity zone that could incite aggressive buying if breached. However, the recent rejection indicates that sellers maintain influence at elevated levels, and short-term volatility may escalate as the battle between bulls and bears intensifies.<\/p>\n

Compounding this uncertainty is the behavior of long-term holders. Analyst Axel Adler disclosed<\/a> that since November 2023, wallets containing BTC for between 18 months and 3 years have unloaded over 2 million BTC \u2014 approximately $138 billion in value. This considerable distribution wave likely fueled a significant portion of the recent rally, but it also raises alarms. Adler highlights that this group still possesses about 500,000 BTC that could be offloaded later this year, potentially exerting additional pressure during weak moments.<\/p>\n

\"Bitcoin
Bitcoin Long-Term Holders Supply 18m-3y | Source: Axel Adler on X<\/a><\/figcaption><\/figure>\n

While institutional demand may absorb some of this impending supply, with the corporate sector reviving interest, the broader market must proceed with caution. As price consolidates, investor sentiment teeters on a knife edge. Whether bulls can reclaim higher levels or a more extensive correction materializes will hinge on Bitcoin’s response to the current stress test at $100K.<\/p>\n

\n

Price Action Insights: Bulls Attempt To Regain Momentum<\/h2>\n

Bitcoin is exhibiting signs of renewed vigor as it trades at $105,389, seeking to breach recent resistance around the $106K\u2013$107K region. This level has constrained previous rallies, and regaining it would indicate a bullish continuation toward all-time highs. The price has successfully defended the $100K psychological support, which now serves as a robust demand zone, bolstered by the 200-day SMA currently around $92,994 and the 200-day EMA near $88,664.<\/p>\n

\"BTC
BTC testing local highs | Source: BTCUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

Volume seems to be slightly diminishing compared to the surge earlier this month, indicating some reluctance among bulls. Nevertheless, the structure remains intact: a robust breakout from April lows has established a steep and well-defined uptrend. The consolidation just beneath resistance could develop into a bullish flag if the $107K ceiling is surpassed with considerable volume.<\/p>\n

A failed effort to maintain levels above $103,600 could prompt another test of the $100K support, where bulls must hold firm to avert deeper retracements. On the upside, overcoming $107K paves the way to $109K and into price exploration. This week\u2019s closure will be pivotal \u2014 a strong candle above $106K could set the stage for the next macro movement upwards.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/p>\n<\/div>\n

\n\t\t\t\t\t\t\t\t\t<\/p>\n

Editorial Process<\/strong> for bitcoinist is focused on providing meticulously researched, precise, and impartial content. We adhere to rigorous sourcing standards, and each page undergoes thorough examination by our team of leading technology professionals and experienced editors. This process ensures the integrity, relevance, and value of our material for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n


\n
Source link <\/a>
\n“`<\/p>\n","protected":false},"excerpt":{"rendered":"

“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Bitcoin surged to $107,000 on Sunday before quickly retracting, unsettling investor confidence and instigating new volatility throughout the market. The movement, which many anticipated would facilitate a clear breakout into price exploration, instead reaffirmed the ongoing consolidation range between $100K and<\/p>\n","protected":false},"author":3,"featured_media":12284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2491],"class_list":["post-12283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-lth-distribution-not-over-yet-can-institutions-absorb-the-remaining-supply-gpt"],"yoast_head":"\nThe Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Bitcoin surged to $107,000 on Sunday before quickly retracting, unsettling investor confidence and instigating new volatility throughout the market. The movement, which many anticipated would facilitate a clear breakout into price exploration, instead reaffirmed the ongoing consolidation range between $100K and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-21T00:49:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/\",\"name\":\"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg\",\"datePublished\":\"2025-05-21T00:49:56+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin LTH Distribution Not Over Yet \u2013 Can Institutions Absorb The Remaining Supply?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/","og_locale":"it_IT","og_type":"article","og_title":"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto","og_description":"“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Bitcoin surged to $107,000 on Sunday before quickly retracting, unsettling investor confidence and instigating new volatility throughout the market. The movement, which many anticipated would facilitate a clear breakout into price exploration, instead reaffirmed the ongoing consolidation range between $100K and","og_url":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/","og_site_name":"WSJ-Crypto","article_published_time":"2025-05-21T00:49:56+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"4 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/","url":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/","name":"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply? - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg","datePublished":"2025-05-21T00:49:56+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/DALL\u00b7E-2025-05-20-05.03.52-A-wide-digital-illustration-symbolizing-Bitcoin-long-term-holder-LTH-dist.jpeg","width":1792,"height":1024,"caption":"Bitcoin LTH Distribution Not Over Yet \u2013 Can Institutions Absorb The Remaining Supply?"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/21\/the-ongoing-journey-of-bitcoin-long-term-holders-can-institutions-take-on-the-remaining-supply\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"The Ongoing Journey of Bitcoin Long-Term Holders: Can Institutions Take On the Remaining Supply?"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/12283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=12283"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/12283\/revisions"}],"predecessor-version":[{"id":12286,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/12283\/revisions\/12286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/12284"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=12283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=12283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=12283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}