The post Bitcoin Long-Term Holders Fuel Surge, Could BTC Hit $85,000? appeared on BitcoinEthereumNews.com.

Leading coin Bitcoin has had a turbulent past few weeks, with its price troubles prompting many short-term investors—often referred to as “paper hands”—to exit the market.  However, amidst the price volatility, the coin’s long-term holders (LTHs) remain resolute and show no signs of backing down as they attempt to push BTC back above $85,000. How soon can they realize this? Bitcoin Long-Term Holders Shift From Selling to Stacking In a recent report, CryptoQuant analyst Burak Kesmeci assessed BTC’s Long-Term Holder Net Position Change (30d sum) and found that since April 6, the metric has turned positive, showing clear upward momentum. As a result, Kesmeci wrote, BTC has risen by approximately 12%.  Bitcoin Long-Term Holder Net Position Change. Source: CryptoQuant BTC’s Long-Term Holder Net Position Change tracks the buying and selling behavior of LTHs (those who have held their assets for at least 155 days) to measure the shift in the number of coins held by these investors over a specific period. When its value is positive, it indicates that LTHs are not selling, and remain optimistic about BTC’s future price performance. Conversely, when it turns negative, it suggests that these holders are selling or distributing their coins, often in response to market pressures, which is a bearish signal. According to Kesmeci, BTC’s Long-Term Holder Net Position Change (30d sum) flipping positive is notable. This metric had remained below zero since October last week, signaling that LTHs were consistently selling their BTCs.  The sellofs reached their lowest point on December 5, prompting a 32% dip in BTC’s price and marking the peak of a 6-month period of distribution by LTHs. However, this trend has changed since April 6. The metric now sits above zero and is in an uptrend. Speaking on what this means, Kemesci added: “While it’s too early to say…

---

Filed under: News - @ April 12, 2025 8:14 am