Bitcoin Long-Term Holders Show Restraint, Signaling Potential $110K Breakthrough
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 19 2026- Market Behavior Shift: Bitcoin's recent breakthrough above the $94,000-$95,000 resistance level to $97,850 triggered the largest short squeeze in 100 days, indicating improved market structure that may lay the groundwork for further upward movement.
- Decreased Sell-Off Volume: Long-term holders' weekly selling volume has dropped to approximately 12,800 BTC, a significant reduction from previous weeks, suggesting a change in market sentiment that may indicate an accumulation phase rather than a distribution phase.
- Technical Analysis Signals: As selling pressure decreases, the market requires less buying volume to maintain upward momentum, particularly in the historically significant resistance zone of $93,000-$110,000, which could provide favorable conditions for a breakthrough.
- Historical Cycle Comparison: Similar to the 2017 and 2021 bull markets, reductions in long-term holder selling pressure typically precede significant upward movements, with the current market environment's institutional participation and maturity significantly higher than in previous cycles, potentially influencing holder psychology.
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.
