Key Points:
Bitcoin (BTC) long-term holders have sold 241,000 BTC in the past 30 days.
The price target for the BTC price drop flag pattern is $95,500.
Long-term holders of Bitcoin (BTC) have sold over 241,000 BTC in the past month. Analysts indicate that if the selling continues, the price could drop to $95,000 or lower.
Long-term holders of Bitcoin (LTHs) refer to entities that have held their coins for at least six months. These holders began selling Bitcoin (BTC) after the price broke the historical high of $124,500 in August.
According to CryptoQuant analyst Maartunn, when analyzing LTH supply changes, it was noted that the net supply decreased by 241,000 BTC in the past 30 days, equivalent to approximately $26.8 billion at current market prices (as of this Monday). He added:
This trend may continue to put pressure on the price of Bitcoin (BTC) in the coming weeks, especially as whales have also sold over 115,000 BTC during the same period.
Meanwhile, although the total holdings of Bitcoin holding companies have reached a historical high of 1 million BTC, the growth rate has significantly slowed in the past month.
According to CryptoQuant data, the monthly purchase volume of Strategy company plummeted from 134,000 BTC in November 2024 to 3,700 BTC in August 2025.
Other Bitcoin holding companies purchased 14,800 BTC in August, while the record purchase volume in June 2025 was 66,000 BTC.
According to an on-chain analysis company in the latest "Weekly Crypto Report," it stated: "The purchase volume in August was also below the monthly average for 2025, with Strategy company at 26,000 BTC and other companies at 24,000 BTC." He further added:
Charles Edwards, founder of Capriole Investments, also pointed out that the number of companies buying Bitcoin daily continues to decline, indicating that institutions may be "fatigued."
The reduction in purchases by Bitcoin holding companies further weakens demand, exacerbating the downward trend.
Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) has dropped 14% since reaching a historical high of $124,500 on August 16, falling to a seven-week low of $107,500 on August 30.
Since then, the price has rebounded to around $111,500.
As shown in the chart below, this trend has formed a descending flag pattern on the daily chart. Bitcoin (BTC) broke below the flag on Saturday and is currently retesting the lower edge of the flag at $112,000 (100-day moving average).
If it fails to convert $112,000 into support, the downward trend will continue, with the target for the descending flag pattern calculated at $95,500, representing a 14.5% drop from the current price.
However, according to X user Coin Signals, the macro performance appears healthier, as this correction from the historical high of 13% is much lower than previous corrections.
According to Cointelegraph, the latest predictions indicate that Bitcoin (BTC) may drop below $90,000 but is still expected to set a new historical high.
It is worth noting that if the price corrects 30% from the current historical high, the bottom for BTC would be at $87,000, which aligns with the average purchase price of holders who have held for 6 to 12 months.
Related: The U.S. Congress requests the Treasury Department to report on strategic Bitcoin (BTC) reserve details
Original: “Bitcoin Long-Term Holders Offload 241,000 BTC: Will the Price Drop Below $100,000?”
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