Cryptocurrency Sellers Determinedly Pause Amidsteady Long-Term Bitcoin Holdings During August
In the past week, Bitcoin (BTC) has seen a steady rise, trading at around $121,224, up 2.6% in the last 24 hours and 5.9% over seven days. This uptick, however, appears to be driven by a shift in the market dynamics, as data suggests a slowdown in profit-taking by long-term Bitcoin holders (LTHs).
After a record-breaking selling period in July 2025, when LTHs were realizing profits at an unprecedented rate, the selling activity has noticeably moderated in August. The 7-day moving average of realized profits has dipped significantly, indicating a pause or reduction in selling compared to the previous month.
On-chain data shows that LTHs reduced their holdings by about 21.5K BTC in late August, a significant figure but less intense than July’s surge. This reduced selling pressure from LTHs seems to contribute to stabilizing Bitcoin’s price and supporting upward momentum, as supply tightens and fewer coins are put on the market.
Some LTHs who bought Bitcoin during the 2020–2022 cycle have indeed taken profits, but many remain steady and are holding through current price levels near historical highs. Analysts note that the reduced selling by LTHs can provide a stronger foundation for price appreciation if demand remains constant and could signal a market consolidation phase after the July surge.
However, some caution remains that if Bitcoin’s price pushes higher, another round of LTH selling could occur.
The market metrics also suggest a cooling momentum in the BTC market. The CryptoQuant Bull Score Index fell from 80 to 60 on August 10, indicating a slowdown in the bullish phase. Stablecoin inflows have decreased, a likely indicator that there is little capital coming into crypto at the moment.
The uptick in BTC price is 97.9% year-on-year, but the momentum has softened compared to July's surge. The number of institutional-sized whale trades has decreased since late Q2 2025. On the other hand, on-chain indicators suggest a change in market composition, with an increase in smaller, retail-sized orders dominating Bitcoin futures activity.
Moreover, more than 364,000 new BTC addresses were created daily last week, the highest figure in a year, suggesting fresh retail participation. This shift towards retail participation could allow prices to test new highs unless a renewed wave of large holders offloads their positions.
In a positive note, Ali Martinez tweeted about the network growth remaining strong. Despite the moderation in profit-taking by LTHs, the market remains volatile, and investors are advised to closely monitor market trends and make informed decisions.
Read also:
- Governmental agency introduces entrepreneurial blueprint aimed at challenging tech giants in tech hub California
- US Patent Office Document Filing Necessities
- In Louisiana, a heated struggle over age verification legislation persists between major social media platforms and app stores.
- Amplifying Revenue: 8 Potent Marketing Techniques Ideal for Food Delivery Apps
