{"id":17823,"date":"2025-11-09T14:54:30","date_gmt":"2025-11-09T13:54:30","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=17823"},"modified":"2025-11-09T14:54:30","modified_gmt":"2025-11-09T13:54:30","slug":"bitcoin-holders-let-go-a-look-at-declining-demand-amidst-long-term-selloffs","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/09\/bitcoin-holders-let-go-a-look-at-declining-demand-amidst-long-term-selloffs\/","title":{"rendered":"&#8220;Bitcoin Holders Let Go: A Look at Declining Demand Amidst Long-Term Selloffs&#8221;"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div id=\"ftwp-postcontent\">\n<p><span style=\"font-weight: 400\">The value of Bitcoin has encountered challenges in retaining stability above $102,000 recently, with data indicating this is due to a noticeable discord between selling pressure and new demand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On-chain information from CryptoQuant shows that although long-term holders have been actively securing profits, the market is displaying limited ability to absorb their sell-offs. This contrasts with prior phases of the bull cycle, where rising demand was capable of offsetting increased activity from long-term holders.<\/span><\/p>\n<p><h2 class=\"jeg_block_title\"><span>Related Reading<\/span><\/h2>\n<\/p>\n<h2 id=\"ftoc-heading-1\" class=\"ftwp-heading\"><b>Increased Long-Term Holder Selling Pressure Reflects Previous Bull Cycles<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Data from on-chain analytics service CryptoQuant, which <\/span><a href=\"https:\/\/x.com\/jjcmoreno\/status\/1986819142020731289?s=20\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">was first shared by<\/span><\/a><span style=\"font-weight: 400\"> Julio Moreno, head of research at CryptoQuant, illustrates an intriguing shift in dynamics among Bitcoin holder activities that could influence the cryptocurrency\u2019s forthcoming direction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Julio Moreno indicated that long-term holder (LTH) selling is a customary trend in bull markets as investors realize profits when Bitcoin approaches or exceeds all-time highs. The CryptoQuant data reveals that the 30-day total of LTH expenditures, depicted by the purple line in the chart below, has been rising since early October.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This pattern follows previous bullish rally intervals, such as those observed in early and late 2024, when profit-taking coincided with increased demand, allowing Bitcoin to achieve new record values.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The chart accompanying Moreno\u2019s post displays green sections representing times of positive apparent demand growth and red sections indicating a decline. Between January and March 2024 and between November and December 2024, LTH sell-offs occurred as demand expanded.<\/span><\/p>\n<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/x.com\/jjcmoreno\/status\/1986819142020731289?s=20\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Long-term Holder Expenditures<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">However, since October 2025, this trend has changed. Despite increasing LTH selling, demand has entered a negative zone, indicating that the market\u2019s capacity to absorb this selling pressure has diminished. This has corresponded with Bitcoin&#8217;s struggle to maintain its level above $102,000, suggesting that price growth might be losing traction.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/E6wDb2XA\/\" width=\"1835\" height=\"909\"\/><figcaption class=\"wp-caption-text\">BTCUSD currently trading at $101,655. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<h2 id=\"ftoc-heading-2\" class=\"ftwp-heading\"><b>Prolonged Weak Demand Could Postpone Next Rally<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Moreno acknowledged that the vital factor to monitor isn\u2019t solely the quantity of long-term holder sell-offs, but whether demand growth can keep up. <\/span><\/p>\n<p><span style=\"font-weight: 400\">When demand is robust, the influx of supply from long-term holders typically encourages healthy consolidation before another price increase. Conversely, when demand lags, the outcome often results in prolonged corrections or sideways movements.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A significant portion of that demand now originates from Spot Bitcoin ETFs, which have experienced a marked slowdown in inflows. Data <\/span><a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot?from=moved\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">from SosoValue <\/span><\/a><span style=\"font-weight: 400\">indicates that US-based Spot Bitcoin ETFs concluded last week with net outflows of $558.44 million on Friday, November 7, one of the largest single-day withdrawals in weeks.<\/span><\/p>\n<p><h2 class=\"jeg_block_title\"><span>Related Reading<\/span><\/h2>\n<\/p>\n<p><span style=\"font-weight: 400\">Unless Bitcoin\u2019s evident demand begins to recover in the following weeks and LTH sell-offs continue, this may keep exerting pressure on price action and delay the next phase of Bitcoin\u2019s rally. In this scenario, we might observe Bitcoin continuing to consolidate between $101,000 and $103,000 for the remainder of November.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the moment of writing, Bitcoin is trading at $101,655, down by 0.6% in the past 24 hours.<\/span><\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/big-bitcoin-holders-are-selling-but-few-buyers-are-stepping-in-as-demand-weakens\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html The value of Bitcoin has encountered challenges in retaining stability above $102,000 recently, with data indicating this is due to a noticeable discord between selling pressure and new demand. On-chain information from CryptoQuant shows that although long-term holders have been actively securing profits, the market is displaying limited ability to absorb their sell-offs. This<\/p>\n","protected":false},"author":3,"featured_media":17824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4185],"class_list":{"0":"post-17823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-long-term-holder-selloffs-fail-to-be-reabsorbed-as-demand-weakens-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Bitcoin Holders Let Go: A Look at Declining Demand Amidst Long-Term Selloffs&quot; - 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\/11\/09\/bitcoin-holders-let-go-a-look-at-declining-demand-amidst-long-term-selloffs\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Bitcoin Holders Let Go: A Look at Declining Demand Amidst Long-Term Selloffs&quot; - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html The value of Bitcoin has encountered challenges in retaining stability above $102,000 recently, with data indicating this is due to a noticeable discord between selling pressure and new demand. 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