Bitcoin Long-term Hodlers Finally Halt Selloff As ETH Whales...
Bitcoin selling pressure from long time hodlers is finally abating and Ether whales are adding to their holdings. Markets remain bearish, however.
Long-term Bitcoin holders have pumped the brakes on selling their fat stacks for the first time in six months, while Ether whales have ramped up accumulation of the digital asset.
Wallets holding Bitcoin (BTC) for at least 155 days trimmed their positions from 14.8 million coins in mid-July to 14.3 million in December. However, crypto investor and entrepreneur Ted Pillows noted in an X post on Monday the selloff has tapered off.
“Long-term holders have stopped selling Bitcoin for the first time since July 2025. Things are looking good for a relief rally here,” he said.
Generally, large holders and whales are considered market movers, and their trades can influence market behavior, liquidity, and investor psychology.
At the same time, Ether whales have been increasing their holdings over the last week. Citing CryptoQuant data, analysts at crypto investor newsletter Milk Road said large holders have added around 120,000 Ether (ETH) since Dec.26.
“Addresses holding 1,000+ ETH now control roughly 70% of supply, a share that has been rising since late 2024. If this behavior continues, the market may not fully be pricing in where the smart money expects Ethereum to go next,” they said.
Garrett Jin, former CEO of the now-defunct crypto exchange BitForex, also predicted more flows are likely incoming into Bitcoin and Ether as investors shift from silver, palladium, and platinum which have been on a tear lately.
“The short squeeze in metals is over as expected. Capital is beginning to flow into crypto,” he said.
Bitcoin has traded between $86,744 and $90,064 over the last seven days. Analysts at crypto market intelligence platform Santiment said a spike in fear, uncertainty and doubt came at the same time as prices moved higher around Christmas, as markets often move in the opposite direction of trader sentiment.
Source: CoinTelegraph
