‘Potential top’ for Bitcoin as long-term holders sell 828K BTC in 30 days
From cointelegraph by Ciaran Lyons

MARKETS NEWSCOINTELEGRAPH IN YOUR SOCIAL FEED Follow our Subscribe on
Bitcoin’s climb toward $100,000 has seen a significant amount of offloads from long-term holders, which some analysts say signals a potential top that could turn markets bearish and catch traders offside when buy-side demand starts to wane.
“It’s a game of musical chairs: enjoy the ride, but be prepared when the music stops,” CryptoQuant contributor Maartuun said in a Dec. 8 X post .
Long-term hodlers are offloading their Bitcoin
Since Nov. 8, long-term holders — wallets who have held Bitcoin BTC$98,290 for at least 155 days — have sold 827,783 BTC worth around $82.6 billion at its current price of around $99,200.

Source: Maartuun
Maartuun highlighted the 149,800 BTC purchased by Michael Saylor’s MicroStrategy and the 84,193 BTC worth of inflows into spot Bitcoin exchange-traded funds (ETFs) over the same period.
Still, he said that these are the equivalent of just 30% of what’s being sold by long-term holders.
“The overall market is much larger than just them,” he said.
Maartuun suggested that Bitcoin is maintaining its strength despite the strong sell pressure from long-term holders due to retail demand also reaching its “yearly highs,” according to CryptoQuant’s retail demand 30-day change chart.

Source: Maartuun
“Retail is also involved in futures trading,” he said. CoinGlass shows Bitcoin Open Interest (OI) — a metric tracking the total number of unsettled Bitcoin derivative contracts such as options and futures — is $61.2 billion at the time of publication.
Long-term Bitcoin holders sitting on significant unrealized profits
Maartuun also claimed that the sell-side risk ratio and the net taker volume may indicate “a top.”
Related: Bitcoin dominance hints at ‘altseason,’ analysts eye XRP price rally into 2025
According to Bitbo data , the Long Term Holder realized price — the average price paid by long-term Bitcoin holders — is $24,481, representing about a 400% average gain for long-term holders.

Source: Maartuun
At the time of publication, Bitcoin’s price was $99,203, according to CoinMarketCap.
On Dec. 6, Real Vision chief crypto analyst Jamie Coutts said liquidity conditions , as expressed by his Bitcoin MSI macro model, suggest pain may come next.
“Bitcoin has hit new ATHs in the face of a deteriorating liquidity backdrop,” he said.
Coutt said if conditions “worsen, the rally, while euphoric, can only last for a limited time.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP’s Post-Regulatory Clarity Momentum and Its Long-Term Institutional Viability
- XRP's 2025 SEC "not a security" ruling unlocked institutional adoption, with 11+ ETFs under review and $1.3T in cross-border transactions via Ripple's ODL. - Layer Brett (LBRETT) offers 55,000% APY staking and Ethereum Layer 2 scalability but faces regulatory risks as a meme-driven altcoin with speculative 100x-1,000x price projections. - XRP's institutional credibility contrasts with LBRETT's retail-driven model, as Ripple partners with major firms while LBRETT's deflationary structure and governance ex

Assessing the Significance of the $164.6M Spot ETH ETF Outflow: A Cautionary Signal or a Temporary Correction?
- U.S. spot Ethereum ETFs saw a $164.6M net outflow on Aug 29, 2025, ending a six-day inflow streak led by Grayscale and Fidelity funds. - The outflow coincided with Ethereum price dips below $4,300 amid inflation fears and geopolitical risks, contrasting with Ethereum's 71% YTD gains. - Institutional investors shifted capital to safer assets like TIPS due to Fed rate delays and Trump trade policies, while retail adoption via DeFi/NFTs and Layer 2 solutions remained robust. - Technical indicators show Ethe

Can Remittix (RTX) Overtake Dogecoin and Lead the 2025 Altcoin Surge?
- 2025 crypto market pits utility-driven Remittix (RTX) against meme-driven Dogecoin (DOGE), with RTX targeting $19T remittance inefficiencies via instant cross-border payments and deflationary tokenomics. - RTX’s $22.2M presale, institutional adoption, and CertiK-audited security contrast with DOGE’s speculative reliance on social sentiment and unlimited supply, risking long-term viability. - Market rotation favors RTX as Ethereum’s utility token classification boosts institutional inflows, while DOGE fac

Is Flow (FLOW) a Smart Long-Term Investment in a Post-2025 Crypto Market?
- Flow (FLOW) faces a shrinking market cap but shows ecosystem resilience in 2025's crypto landscape. - Technical analysis reveals bearish short-term pressure but bullish long-term projections up to $3.79 by 2030. - DeFi TVL growth (46% to $68M) and PayPal integration highlight fintech positioning amid $21.4B industry expansion. - Lags behind Solana ($108B) and Ethereum in scale but gains traction via 1M TPS roadmap and EVM compatibility. - Long-term viability depends on regulatory navigation and sustainin

Trending news
MoreCrypto prices
More








