Bitcoin Faces Key Test as Long-Term Holders Turn Sellers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Long-Term Holders Shift: On-chain metrics indicate that long-term holders have transitioned from accumulation to selling, with a negative 30-day trend suggesting older coins are re-entering circulation, marking a regime change from scarcity-driven to demand-driven dynamics, potentially increasing short-term market fragility.
- New Whales Under Pressure: New whale wallets are facing pressure near the $99,000 price point, where many holders may opt to exit to avoid deeper losses, effectively turning this area into a major resistance level that could intensify selling pressure if revisited without strong momentum.
- Technical Structure Holding: Despite growing caution in market signals, Bitcoin remains above its 21-day moving average, and if it can maintain these levels through the weekend, another attempt towards $100,000 may be possible; however, trading below the 50-week simple moving average for nine consecutive weeks raises the risk of sharper corrections.
- Market at Inflection Point: Collectively, these signals suggest Bitcoin is at a critical junction, with long-term holders distributing, new whales under pressure, and medium-term trend indicators remaining fragile, meaning future price movements will likely depend on market reactions near the $99,000-$100,000 zone.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
