Bitcoin's Long-Term Holders Refuse to Sell at Current Prices

Data from CryptoQuant shows that long-term Bitcoin holders, often referred to as 'HODLers,' are choosing to retain their positions rather than liquidate them.

The 90-day moving average of spent output from these investors has fallen to 962 BTC, the lowest figure recorded since November 2024. This suggests a slowdown in distribution by this historically significant cohort.

According to CryptoQuant's analysis, long-term Bitcoin holders are opting to hold rather than sell due to the $63,000 price level acting as a break-even point for them.

This behavior is being interpreted as a bullish signal, potentially indicating that the market is approaching a bottom. When the most committed investors stop selling, it can suggest that the worst of the price decline may be over or that the market is entering a period of accumulation.