Bitcoin (BTC) is holding steady above $100,000, but long-term investors remain unfazed by profit-taking opportunities. On-chain data from CryptoQuant analyst Crypto SunMoon reveals that BTC holders who accumulated at least seven years ago are not moving their funds to exchanges. Historically, these investors sold near market tops, but current data suggests we are far from that stage.
The last significant exchange inflows from long-term holders occurred in early 2024, but they were much smaller than those seen during Bitcoin’s 2021 all-time high. Similarly, over 70% of Ethereum (ETH) and Litecoin (LTC) holders have maintained their positions for over a year, signaling confidence in the ongoing bull market.
Meanwhile, stablecoin activity points to sustained bullish momentum. USDT supply on centralized exchanges (CEXs) has surged 40% in three months, reaching a record $43 billion. The overall stablecoin market capitalization has grown from $160 billion in November 2024 to $224 billion, per CoinGecko data. While USDT remains dominant, USDC is expanding at an accelerated pace.
These trends indicate strong buying power, reinforcing Bitcoin’s rally. As long-term holders stay firm and stablecoin liquidity rises, BTC may continue its upward trajectory, defying short-term sell-offs.
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