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The Bitcoin 
$106,574 market appears to be nearing the end of sales by long-term investors. This group, often referred to as “smart money,” has offloaded over 1 million BTC since September. Experts suggest that the slowdown in these sales may indicate that the downward trend in the market has reached its peak.
The Role of Long-Term Investors in the Market
Long-term Bitcoin investors are known for buying during price declines and selling when prices rise. Members of this group typically hold their BTC for at least 155 days, playing a significant role in market dynamics.
Last September, this group held 14.2 million BTC, which dropped to 13.1 million by January. However, sales have been slowing since the beginning of the year.
Experts note that periods when long-term investors cease selling often coincide with peaks in the downward trends. This pattern has been observed in 2013, 2017, 2021, and 2024.
Bitcoin Finds Support at $100,000
With a shift in long-term investors’ strategies, Bitcoin has surpassed the psychological threshold of $100,000, making it one of its support levels. Since January 17, the largest cryptocurrency has managed to maintain this level despite brief fluctuations.
Despite market volatility fueled by Trump’s presidential inauguration, it is almost certain that Bitcoin has found support from diminishing sales pressure from long-term investors. Experts believe that the end of these sales could stabilize prices and provide new momentum to the market.
