Long-term owners of Bitcoin will stop selling when ETH balances up
Long-term bitcoin holders opened the door by selling off their fat holdings for the first time in six months, while Etherwells boosted its holdings of the digital asset.
Wallets holding Bitcoin (BTC) for at least 155 days rose from 14.8 million coins in mid-July to 14.3 million in December. However, crypto investor and entrepreneur Ted Truss closed the sale update on Monday.
“Long-term holders have stopped selling Bitcoin since July 2025. Things are looking good here for a rally,” he said.
In general, large holders and whales are considered market movers, and their trades can influence market behavior, liquidity, and investor sentiment.
Ether whales by sorting more symbols
At the same time, the ether whales have been increasing their holdings in the past week. According to analysts at crypto investor newsletter Milk Road, citing data from CryptoQuant, large holders have added about 120,000 Ether (ETH) since December 26.
“Addresses holding 1,000+ ETH now control approximately 70% of the supply, a share that will increase from the end of 2024. If this behavior continues, the market may not fully value where the smart currency expects Ethereum to go next,” he said.
Garrett Jean, the former CEO of the now-defunct crypto exchange BitForex, also predicted more flows of Bitcoin and Ether as investors shift away from silver, palladium, and platinum soon.
“The short squeeze in the metal is over as expected. Capital is starting to flow into crypto,” he said.
Traders are wary after the FUD of the Christmas weekend
Bitcoin has traded between $86,744 and $90,064 over the past seven days. Analysts on the crypto market intelligence platform Santiment, as markets often move in the opposite direction of the trader's sentiment, fear, uncertainty and doubt came at the same time when the price was high around Christmas.
“Bitcoin fell above $90k and fell below $87k following the end of the Christmas weekend,” Sentiment analysts said, adding, “The move came at a time when FUD was at an all-time high as usual. Now that the price is falling, traders are being cautious again.”
Related: Spot Bitcoin ETFs Flow $782 Million Amid Christmas Week ‘Holiday Positioning'
US sales leader
Some of the selling pressure may be due to US traders exiting the market. The Coinglass Coinbase Bitcoin Premium Index remains negative. The index measures the difference between the price difference between the crypto exchange Coinbase and the average price of Bitcoin on the global market.
When the index is negative, he said, it typically means selling pressure in the U.S. market, reducing investor appetite and increasing risk aversion.
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