Bitcoin (BTC) remains above $100,000, but while some traders may be looking to take profits, long-term holders are not selling yet. According to on-chain data from CryptoQuant analyst Crypto SunMoon, those who have held BTC for at least seven years are keeping their assets off exchanges.

This behavior contrasts with previous bull runs when long-term holders began selling near market peaks. Since no major sell-offs have occurred yet, Bitcoin’s rally could have more room to grow.
Bitcoin Long-Term Holders Show Confidence
During past bull markets (2017–2021), long-term BTC holders started selling before the final rally phase. However, current data shows no significant outflows from their wallets to exchanges.

The last major sell-off from long-term holders happened in Q1 2024, but it was much smaller than in 2021, when BTC hit an all-time high.
This holding trend is also visible in altcoins. Over 70% of Ethereum (ETH) and Litecoin (LTC) holders have kept their assets for at least one year, showing strong confidence in the ongoing crypto market rally.
Most of the selling pressure comes from short-term traders, often referred to as “paper hands.”

Stablecoin Growth Signals More Bitcoin Gains
While Bitcoin inflows to exchanges remain low, stablecoin activity tells a different story.
- USDT supply on centralized exchanges has surged 40% in three months, reaching a record $43 billion.
- The total stablecoin supply grew from $160 billion to $224 billion since November 2024.
Why This Matters for Bitcoin
- More stablecoins on exchanges suggest higher liquidity for BTC and altcoins.
- USDT remains dominant, but USDC is growing fastest, signaling sustained demand.
- Historically, rising stablecoin reserves have been linked to bullish trends in crypto markets.