Why Bitcoin’s Long-Hoarders Might Just Be Sitting Tight—and Laughing Last

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The dust has settled after three months of price tumbles, and Bitcoin’s bull market is squinting at the horizon like a tired old rancher wondering if the rain’s finally coming. April showed a modest bounce, sure, but our trusty digital gold still hasn’t hollered back to the herd with a full-throated rally, mostly because the usual market fanfare has been on pause. However, amid the smoke and mirrors, crypto sage Axel Adler Jr. throws us a bone—something that might just stir the bulls from their slumber.

Long-Term Holders: The Keepers of the Bitcoin Flame

Axel chimed in on X, bringing news that the old-timers holding Bitcoin for years are easing up on their hawking habits. They’re less keen on unloading their stacks, like a stubborn farmer clutching his last bushels through hard times—maybe expecting a better season ahead.

Drawing on the whispers from CryptoQuant’s on-chain oracle, Axel spots that long-term holders’ selling pressure has hit a low of 1.1% over the last year. That’s like saying the big players are playing a quiet game of “hold your horses,” preferring to keep their coins chained rather than turning them into greenbacks.

According to Axel’s crystal ball, if these long-haulers trim their exchange holdings down to 1.0%, it’d be the equivalent of a total ceasefire in selling—market calm before the possible storm of fresh buyers swooping in. Consider this: most of these holders got onboard when Bitcoin was a humble fellow around $25,000. They turned cautious profit-takers once before at $50,000 and again at an eye-popping $97,000. Like seasoned gamblers cashing out just at dawn’s first light.

So, for now, Axel figures the big whales won’t be flipping their bets anytime soon, keeping about 77.5% of all Bitcoin snug in their wallets. It’s the market equivalent of those old farmers who just ain’t lettin’ go of their land.

Bitcoin’s Price—Still Dancing on a Razor’s Edge

At the moment, Bitcoin is trading near $85,226, having tiptoed up a hair by 0.36% yesterday and barely nudged down by 0.02% this past week. Nothing to write home about, just the market slow-dancing in place while trying to break free beyond $86,000.

But take a gander at the monthly charts—the market’s flashin’ a 1.97% gain, like it’s puffing its chest, maybe thinking about reversing its bears into bulls. Still, Bitcoin’s looking for that jolt of caffeine, some spark to jumpstart a real price rally. With a hefty market cap of $1.67 trillion, this digital behemoth continues to tower over its smaller crypto cousins, owning close to 63% of the cryptoverse’s wild frontier.

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2025-04-20 23:44