Bitcoin Shows Signs of Potential Bullish Reversal as Long-Term Holders Cut Back on Selling in April

Despite a minor rebound in April, Bitcoin’s price has yet to show strong signs of a full recovery from its recent price correction.

While there have been small gains, the broader market continues to lack the momentum needed to reignite its bull run.

However, a recent update from crypto analyst Axel Adler Jr. sheds light on a potentially bullish development that could change the course for Bitcoin.

A Shift in Bitcoin Long-Term Holders’ Behavior

In a recent post on social media platform X, Adler Jr. shared some valuable insights regarding Bitcoin’s long-term holders (LTH) that could prove to be a game-changer for the market.

According to Adler’s analysis, there has been a significant drop in the amount of Bitcoin held by long-term holders that is being sold or moved to exchanges.

Data from CryptoQuant shows that the percentage of Bitcoin held by long-term holders on exchanges has dropped to its lowest point in a year—just 1.1%.

This means that more long-term holders are choosing to keep their assets instead of selling them for profits, signaling that selling pressure from this group is currently at a very low point.

What This Means for Bitcoin’s Future

Adler points out that if this number continues to decrease, reaching 1.0% or lower, it would indicate that selling pressure from long-term holders could effectively disappear.

This could open the door for new market participants to enter the space, driving further accumulation of Bitcoin and potentially triggering a fresh wave of bullish momentum in the market.

Interestingly, most of Bitcoin’s long-term holders acquired their assets when the price was around $25,000.

Adler also notes that there were two key moments in the past year where significant selling occurred—at $50,000 in early 2024 and $97,000 in early 2025.

These instances likely represent major profit-taking phases for holders who were looking to exit the market.

Given that long-term holders now control 77.5% of the Bitcoin in circulation, Adler suggests that further selling from this group is unlikely in the short term, which could provide a strong foundation for the next market rally.

Bitcoin’s Current Price and Market Outlook

At the time of writing, Bitcoin is priced at $85,226, reflecting a small 0.36% increase in the past 24 hours.

Over the past week, the price has seen a slight decline of 0.02%, indicating that Bitcoin is still undergoing consolidation.

The cryptocurrency has struggled to break through the $86,000 mark, showing resistance at this level.

However, on a monthly chart, Bitcoin has managed a modest 1.97% gain, which may signal the end of the correction phase and the possibility of a trend reversal.

Bitcoin’s market capitalization is currently $1.67 trillion, and it remains the largest digital asset, controlling 62.9% of the entire cryptocurrency market.

However, despite these encouraging figures, Bitcoin still needs a strong market catalyst to trigger a sustained price rally.

What’s Next for Bitcoin?

While the recent behavior of long-term holders is promising, Bitcoin’s price still lacks the explosive momentum needed to confirm a new bull market.

As the asset continues to navigate its consolidation phase, market participants will be watching closely for any catalysts—whether they be regulatory changes, institutional investment, or other external factors—that could spark the next big price move.

As always, Bitcoin enthusiasts will need to be patient and watch how this developing situation plays out, but the absence of selling pressure from long-term holders could very well be the key to unlocking the next phase of Bitcoin’s journey.