Bitcoin Long-Term Holders Stop Sell Off as ETH Whales Accumulate
Bitcoin long-term holders have ceased selling, while Ethereum whales are increasing their holdings, signaling potential market recovery.Summary
Long-term Bitcoin holders have paused their selling activity for the first time in six months, with wallets holding BTC for at least 155 days reducing their positions from 14.8 million to 14.3 million coins before stabilizing. Crypto investor Ted Pillows noted this halt in selling suggests a potential “relief rally.” Simultaneously, large Ethereum holders are accumulating ETH, with addresses holding 1,000+ ETH controlling roughly 70% of the supply, a rising trend since late 2024. Analysts suggest the market may not be fully accounting for where smart money anticipates Ethereum's future direction. Former BitForex CEO Garrett Jin predicts further capital inflow into Bitcoin and Ether as investors move away from metals. Despite a recent price fluctuation between $86,744 and $90,064, traders remain cautious following a spike in fear, uncertainty, and doubt (FUD) around Christmas, and US traders appear to be contributing to selling pressure as indicated by a negative Coinbase Bitcoin Premium Index.
(Source：Cointelegraph)