Bitcoin diamond hand BTC selling not 'repeat of 2017, 2021,' research warns

2 hours ago

Bitcoin semipermanent holders of 2 years oregon much broke records during 2024 and 2025, says a caller investigation of the latest bull market.

Bitcoin (BTC) is seeing grounds selling from aged hands — but the inclination began acold beneath existent prices.

Key points:

Bitcoin semipermanent holders person beaten records with their income implicit the past 2 years.
Selling behaviour this bull marketplace sets it isolated from erstwhile ones.
A terms rhythm and capitalist “transition” is present underway.

CryptoQuant: Revived BTC proviso “stands out”

New research from onchain analytics level CryptoQuant confirms ongoing income of “significantly older coins” this bull market.

Unspent transaction outputs (UTXOs) involving BTC antecedently dormant for 2 years oregon much person spiked since 2024.

“What stands retired is that 2024 and 2025 grounds the highest yearly revived proviso from semipermanent holders successful Bitcoin’s history,” contributor Kripto Mevsimi commented alongside an explanatory chart.

The information reveals some 2024 and 2025 rivalling the organisation seen astatine the extremity of a erstwhile bull marketplace successful 2017, which ended erstwhile BTC/USD topped $20,000.

“This is not conscionable a repetition of 2017 oregon 2021,” Kripto Mevsimi stressed.

“While those cycles saw revived proviso emergence alongside beardown terms momentum and speculative inflows, the existent revival is happening with little wide marketplace sound but importantly older coins.”

CryptoQuant argued that semipermanent holders of Bitcoin are present “reassessing exposure” to the marketplace — and person been ever since terms passed the $40,000 mark.

“Early 2026 information does not yet amusement a afloat reversal of this trend, but revived semipermanent proviso has moderated compared to the peaks of 2024–2025,” Kripto Mevsimi added astir the latest signifier of the trend.

“Whether this represents impermanent exhaustion oregon the commencement of a caller accumulation signifier volition go clearer arsenic the twelvemonth progresses.”

Bitcoin is undergoing a “transition”

As Cointelegraph reported, semipermanent holders bringing long-dormant coins to marketplace has go a large talking constituent successful caller months.

Bitcoin’s underperformance versus different large plus classes from Q4 2025 onward has, successful turn, led to questions astir however the coming twelvemonth mightiness diverge from erstwhile terms cycles.

Notably, 2026 is scheduled to beryllium a carnivore marketplace year, and assorted forecasts spot a instrumentality to far little levels than the existent $90,000.

Whether the four-year terms rhythm even remains valid likewise forms a taxable of statement for marketplace participants.

“Bitcoin is not lone undergoing a terms cycle, but perchance a modulation successful who holds it and why—and semipermanent holder proviso behaviour is 1 of the clearest on-chain signals of that shift,” CryptoQuant concluded.

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