The post Bitcoin Price Drops, Yet Long-Term Holders Aren’t Selling—Here’s Why appeared on BitcoinEthereumNews.com.

The post Bitcoin Price Drops, Yet Long-Term Holders Aren’t Selling—Here’s Why appeared first on Coinpedia Fintech News Bitcoin’s price has slipped from recent highs, breaking below key short-term levels and triggering renewed fears of a deeper correction. However, beneath the surface, on-chain data tells a very different story. Despite the pullback, long-term Bitcoin holders are not selling aggressively. Key on-chain indicators show that older coins remain largely inactive, suggesting the recent downside move is being driven by short-term traders and leverage resets rather than structural distribution. This divergence between the BTC price weakness and holder behavior is critical. It points to a market that is cooling off and rebalancing—not one that is topping out. What the On-Chain Data Is Saying The Value Days Destroyed (VDD) Multiple tracks when older, long-held BTC is being spent. Historically, major market tops are accompanied by sharp red spikes, signaling long-term holders distributing into strength. Right now, that signal is missing. Recent readings from Glassnode remain in the low-to-mid VDD range, indicating that: Long-term holders are not aggressively selling Most BTC being moved belongs to short-term participants Selling pressure is tactical, not structural This behavior typically aligns with consolidation or trend continuation, not final tops. Bitcoin Long-Term Holders Remain Optimistic The price chart shows Bitcoin rejecting higher supply zones around the $105k–$110k region, followed by a breakdown below mid-range support near $102k–$98k. This triggered a sharp move lower, but importantly, the price has not entered freefall. Instead, BTC is reacting around the established demand zones. Volatility is high, but a structure is forming, and hence the moves could resemble liquidity sweeps but not panic sweeps.  Source: X The combined charts point towards three main outcomes. Firstly, no mass distribution from long-term holders. Secondly, distribution is occurring at higher levels, followed by a controlled reset and…

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Filed under: News - @ January 9, 2026 8:29 pm