Bitcoin Long Term Holders (LTHS) have started buying again after a long sale that began in late October 2024.
This indicates a shift in sentiment between these holders and could set the stage for market rise. The change follows a massive price drop in Bitcoin, which fell nearly 32% from its November high.
How did the sale stop because Bitcoin price climbed above $80k?
During previous sales periods, LTH Metric’s deep red bar reflected a sustained sale, reaching a historic low of -827,750 BTC in early December.
This distribution was largely condemned for reducing BTC to a level of $750,000. However, recent price action talks about something else. Since the onset of this updated accumulation, Bitcoin has rebounded 12%, and is currently trading nearly $83,615.
Bitcoin: Changes to Long-Term Holder Net Position – 30d Total
Which other market signs fit the new profit?
The increase in LTH purchases coincides with an increase in Bitcoin realization cap, currently exceeding $18 billion.
This reading often came before the previous wider market rise. It also suggests that the funding rate in the futures market will change to a positive (0.0037%), suggesting that more traders will bet on higher prices.
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Why current LTH purchases aren’t yet a strong bull market signal
The LTH purchases are back, but analysts remain measured with optimism. In past cycles such as mid-2023, net positions have changed beyond +250,000 BTC, serving as a powerful indicator of incoming bull runs. Current purchase levels are welcome, but still need to grow consistently to show a low and permanent turn.
Bitcoin tests keys $83.8k-$84K Resistance: What’s next?
BTC/USD chart (March 2025 – April 2025)
As of April 12th, Bitcoin is currently testing a key confluence zone of nearly $83,800. 100EMA and descending trend lines intersect. Despite recent bullish momentum and breakouts from the symmetrical triangle, BTC shows signs of hesitation in resistance. A clean break above $84,000 can be even more upside down, but a refusal here could lead to a pullback towards a 50 EMA of nearly $82,100.
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Despite these risks, the change from heavy sales to online purchases is an important psychological turning point for the market. LTH action often comes before the wider market direction changes, so the coming weeks seem essential to determine whether this is a short jump or a bigger market repair start.
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