Bitcoin Long-Term Holder Spending Surges Near Historical Peaks

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 11 2026

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Spending Surge: According to CryptoQuant data, Bitcoin long-term holder spending has approached 900,000 BTC, nearing historical cycle peaks, indicating that the market may be at a significant inflection point that could impact future price movements.
Exchange-Related Transfers: The recent spike in spending is primarily driven by exchange-related activities, particularly internal transfers on Coinbase, suggesting a measured liquidity provision rather than panic selling, which may help stabilize the market.
Profit-Taking Behavior: Long-term holders are gradually supplying liquidity into the market, indicating controlled profit-taking rather than a full exit, which could signal the continuation of the bull market.
Market Transition Signal: CryptoQuant's data suggests Bitcoin is entering a late-cycle transition phase, with controlled activity from long-term holders; future market volatility will depend on ongoing demand absorption, especially from institutional and ETF inflows.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	57855.641	61427.82	64292.461	67864.64	70729.281	74301.46	77166.101
Fibonacci	61427.82	63886.686	65405.775	67864.64	70323.506	71842.595	74301.46

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

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.

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