Bitcoin seems to sulk the heights, preferring to wander between $ 100,000 and $ 110,000. He vacillates, sometimes dive, before recovering with confusing insurance. This instability is not the sign of shortness of breath, but rather a well -established choreography. Because behind this slow dance is a redistribution of wealth between market veterans and new entrants. Resilience or breath? Now is the time to decipher behind the scenes.
In short
- Former Bitcoin sellers collect billions, without causing a significant fall on the market.
- The data shows effective sales absorption by increasing and discreet demand.
- Analysts anticipate a summer outbreak, carried by favorable historical patterns.
- The market remains calm on the surface, despite 195 days of waiting and strategic stagnation.
Veterans with novices: Bitcoin changes hands
Since May, Millions of dollars in BTC change ownershipbut without panicing the curves. Glassnode talks about $ 2.46 billion in profits made in one daya striking peak. Over seven days, The average peaks at $ 1.52 billion, Well above the $ 1.14 billion annually, but still far from the end of 2024 ($ 4–5 billion).
Who sells? THE Long-Term Holders (LTH)in particular those who have kept their bitcoins for 3 to 10 years, have collected: $ 849 million for the 3–5 -year tranche, $ 485 million for 7–10 year olds, and $ 445 million for those between 1 and 2 years old.
But the most striking is that the market absorbs without flinching. Like theExplain Yonsei Dent (cryptocurrency) ::
Despite these constant sales on the part of long -term holders, the price does not flex. This means that the market absorbs the sales pressure, which suggests that a new demand comes into play.
Tooth even sees an opportunity in this phase: ” This kind of healthy rotation, strong hands to new buyers, is essential for a upward trend to ».
July under tension: a pivotal month for the BTC?
Historically, July smiles at Bitcoin. On average, +7.56 % since 2013, with 8 increases out of 12including a spectacular +24 % in 2020. Some are already seeing positive signals. Others, like Cryptocon, evoke the heavy slowness of the current cycle : ” Today, it has been 195 days since the price of Bitcoin evolved laterally. Only 36 days were animated by a real dynamic ».
Interpretation? A stretch of the cycle, punctuated by brief but powerful explosions. According to Cryptocon, If history is repeated, the next explosive window could propel the BTC between $ 140,000 and $ 150,000before a new lull.
And for good reason, these periods of consolidation, as boring as they are, often prepare spectacular leaps. This is what the combined data suggests: prolonged stagnation + absorbed sales volumes = accumulated energy.
What the figures whisper to us:
- $ 2.46 billion in profits in a single day, according to Glassnode;
- $ 1.52 billion: weekly average carried out, greater than the annual average;
- $ 849 million: made by BTCs held 3 to 5 years old;
- 7.56 %: Bitcoin average performance in July since 2013;
- 195 days: duration of the stagnation phase since December 18, 2024.
The story of massive sales of Bitcoin can be analyzed from a thousand angles. Some will be short of breath, others a strategic rotation. Everyone projects their expertise, their beliefs, their intuition. But a fact persists: Bitcoin is becoming scarce on the exchanges, a shortage of liquidity could be announced, overwhelming the balances once again.
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