Bitcoin selling pressure from long time hodlers is finally abating and Ether whales are adding to their holdings. Markets remain bearish however.
Long-term Bitcoin holders have pumped the brakes on selling their fat stacks for the first time in six months, while Ether whales have ramped up accumulation of the digital asset.
Wallets holding Bitcoin (BTC) for at least 155 days trimmed their positions from 14.8 million coins in mid-July to 14.3 million in December. However, crypto investor and entrepreneur Ted Pillows noted in an X post on Monday the selloff has tapered off.
“Long-term holders have stopped selling Bitcoin for the first time since July 2025. Things are looking good for a relief rally here,” he said.
