NewsBTC

7 August 2025

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Bitcoin Market Analysis Highlights Selling Pressure from Long-Term Holders

Analyst Maartunn from CryptoQuant published a detailed analysis on Bitcoin's market conditions following its all-time high (ATH) of approximately $123,000. Key points include:

• The ATH was influenced by long-term holders starting to sell, particularly highlighted by the sale of 80,000 BTC from Satoshi-era wallets.
• Retail investors are entering the market post-ATH, but short-term holders are selling at a loss, with significant realized losses reported.
• Institutional purchases have occurred, including 21,021 BTC by Strategy, raising its total holdings to ~628,791 BTC, and 463 BTC by Metaplanet.
• Despite some institutional support, it hasn't been enough to maintain prices above $120,000.
• ETF outflows have begun, with CoinShares reporting a net outflow of $223 million, primarily from Bitcoin funds.
• Current support for Bitcoin is found around the previous ATH of ~$112,000, with strong levels noted between $108,000 and $112,000.
• A sustained breakdown below this support could indicate a significant shift in market behavior.

As of press time, BTC is trading at $114,238.