Bitcoin Long-Term Holder Selling Pressure Stays Low, But Uptrend Confirmation Still Missing: Analyst

BitcoinWorld Bitcoin Long-Term Holder Selling Pressure Stays Low, But Uptrend Confirmation Still Missing: Analyst Bitcoin’s long-term holders are currently exhibiting minimal selling pressure, yet the demand-side signals necessary to confirm a fresh uptrend have not yet materialized, according to on-chain analyst Axel Adler Jr.

In a recent analysis, Adler highlighted that Bitcoin is trading at $64,200, which is 1.3 times the average acquisition cost of $49,400 for this cohort.

This metric places the asset in a low-risk zone that has persisted for 78 consecutive days, suggesting that long-term holders are not rushing to exit positions.

Long-Term Holder Balances and Supply Dynamics Adler’s findings indicate that long-term holder balances stand at 16.35 million BTC, just 58,000 BTC below the all-time high.