{"id":5889,"date":"2025-07-19T04:11:07","date_gmt":"2025-07-19T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-sees-long-term-holders-sell-as-short-term-buyers-step-in-sign-of-rally-exhaustion\/"},"modified":"2025-07-19T04:11:07","modified_gmt":"2025-07-19T04:11:07","slug":"bitcoin-sees-long-term-holders-sell-as-short-term-buyers-step-in-sign-of-rally-exhaustion","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-sees-long-term-holders-sell-as-short-term-buyers-step-in-sign-of-rally-exhaustion\/","title":{"rendered":"Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In \u2013 Sign Of Rally Exhaustion?"},"content":{"rendered":"

As Bitcoin (BTC) continues to set new all-time highs (ATH) – reaching $123,218 on Binance on July 13 – on-chain data reveals a shift in holder behavior that could threaten the cryptocurrency\u2019s bullish momentum.<\/p>\n

Bitcoin Holder Rotation May Derail Rally<\/h2>\n

According to a CryptoQuant Quicktake post by contributor IT Tech, long-term Bitcoin holders (LTH) – those holding BTC for over 155 days – have transitioned into net distribution, suggesting seasoned investors are engaging in profit-taking.<\/p>\n

Meanwhile, short-term holders (STH) – those who have held BTC for less than 155 days \u2014 have recently turned net positive, indicating they are buying into BTC\u2019s current rally in anticipation of further gains.<\/p>\n

\"bitcoin<\/p>\n

Historical data shows that similar trends among LTH and STH were observed back in April 2021 and November 2023. During both these instances, BTC witnessed a cooling phase or a local top when spot demand faded.<\/p>\n

In their analysis, IT Tech suggested keeping an eye on exchange inflows and funding rates for confirmation. If spot BTC inflows to crypto exchanges surge, it could hint that sell-pressure is likely to increase, which may derail the digital asset\u2019s bullish trajectory.<\/p>\n

Supporting this view, CryptoQuant contributor Arab Chain noted that the Spent Output Value Ranges (SOVR) indicator shows a spike in BTC transfers to exchanges from wallets holding 1,000 to 10,000 BTC – typically associated with whales.<\/p>\n

\"bitcoin\"<\/p>\n

For the uninitiated, the SOVR indicator tracks on-chain BTC transfers by value buckets to identify which investor segments are active. It helps reveal whether retail, mid-sized, or institutional players are driving market activity.<\/p>\n

This aligns with IT Tech\u2019s observations on long-term holders. If selling pressure intensifies, BTC could correct down to a support level near $111,800.<\/p>\n

Not All Analysts See Rally Exhaustion<\/h2>\n

Although Bitcoin LTH entering distribution phase, and whales increasing their deposits to crypto exchanges may point toward a potential end for the current rally, not all analysts share the same sentiment.<\/p>\n

For instance, the STH Market Value to Realized Value (MVRV) suggests BTC may still be undervalued, indicating potential for further upside. If that holds, Bitcoin could climb as high as $150,000 before any major pullback.<\/p>\n

Additionally, a fresh injection of $2 billion in liquidity to major crypto derivatives platforms could help reignite bullish momentum. However, caution remains warranted.<\/p>\n

The Bitcoin NVT Golden Cross has been climbing steadily, giving early signs of an overheated market. At press time, BTC trades at $118,754, up 0.4% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin (BTC) continues to set new all-time highs (ATH) – reaching $123,218 on Binance on July 13 – on-chain data reveals a shift in holder behavior that could threaten the cryptocurrency\u2019s bullish momentum. Bitcoin Holder Rotation May Derail Rally According to a CryptoQuant Quicktake post by contributor IT Tech, long-term Bitcoin holders (LTH) –…<\/p>\n","protected":false},"author":1,"featured_media":5890,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[65,111,73,71,19,254,255,1466,476,2908,2909],"class_list":["post-5889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-digital-asset","tag-long-term-holders","tag-short-term-holders","tag-sovr","tag-spent-output-value-bands"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5889"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5890"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}