Long-Term Bitcoin Holders Hit ATH With Supply Held for Over 155 Days Signaling Reduced Sell Pressure

Long-term Bitcoin holders hit ATH supply held for over 155 days

This indicated that BTC is signaling reduced sell pressure

More BTC buying could result in a rapid BTC price movement soon.

The price of the pioneer crypto asset Bitcoin (BTC) continues to trade between $108,000 and $110,000, as expectations for a bullish upward BTC price pump continue to gain momentum. One of the most bullish signs for the pioneer crypto asset now is that long-term Bitcoin Holders hit an ATH with supply held for over 155 days, marking a bullish indicator for reduced sell pressure

Long-Term Bitcoin Holders Hit ATH

The popularity of Bitcoin continues to outdo itself as expectations for another bullish upward price surge grow more popular by the day. With sentiments turning closer to ‘Greed’ than to ‘Fear’, several analysts are showing great enthusiasm for these bullish crypto expectations. Since even before the Bitcoin Halving event, Bitcoin and altcoins have been showing highly bullish indicators pointing to incredibly high ATH targets in the coming months ahead

For Bitcoin in particular, the pioneer crypto asset went on to set a new ATH before the Bitcoin Halving event occurred, leading to a rapid rise in BTC prices, which took the asset racing through the $90,000 price range to then set its first 6-digit ATH price in early 2025. Since then, the price of BTC went into a prolonged correction phase for a whole quarter before a healthy pump to an even higher ATH price at the $111,000 price range

Presently, analysts are shining a light on all the positive signs on and off the BTC price chart to anticipate and predict when the next BTC ATH pump will occur. In the eyes of many reputed crypto analysts, this pump is expected to arrive soon and will take the price of BTC from the ATH targets of $114,000 and $117,000 to that of $120,000 and $137,000. Indeed, exciting times are ahead for Bitcoin

As we can see from the post above, the chart shard depicts how long-term Bitcoin holders have reached an all-time high, with supply held for 155+ days signaling strong conviction and reduced sell pressure. Not counting the many bullish pump signals on the BTC price chart, this is one of the most bullish signs not related to the price action of BTC. Looks like long-term holders are not the only ones waiting for a heavy BTC price pump

In the post above, another reputed analyst, Doctor Profit, shares a bullish take on the present crypto market. He says that the largest OTC deal the market has ever seen may have just taken place. He wonders who is buying BTC now and ponders the intentions of BTC whales and dormant wallet holders. All in all, he expects the price of BTC to move soon and ignite price changes