Bitcoin ($BTC) ecosystem is currently presenting a promising scenario for bullish traders. As per the well-known crypto analyst going by “Axel Adler Jr,” long-term Bitcoin holders have decreased their total exchange inflow by only 1.1%, highlighting a least selling pressure. The crypto analyst took to social media to disclose the minimal selling pressure among the long-term $BTC holders.
Long-term Bitcoin Holders Display Minimized Selling Pressure with Least Dip in Exchange Inflows
Axel Adler Jr’s analysis mentions only 1.1% decrease in the exchange inflow of long-term Bitcoin holders. This development is reportedly positive for bullish traders. At present, if the respective inflow declines by only 0.1%, it will enter the zone that presents no selling pressure. Based on the historical data, this presents a rare scenario that usually marks accumulation phases. It also signifies robust HODLing sentiment parallel to low probability of abrupt price dips amid mass sell-offs.
The inflow percentage peaks have historically gone in line with key price tops. Interestingly, at $50K the long-term traders’ exchange inflows surged to 5.6%. Following that, at $97K, the total inflows touched 3.8%. These periods clearly indicate enormous distribution from seasoned holders who capitalize on notable price appreciation.
$BTC Holders Show Strong Belief in Likely Price Appreciation
Axel Adler Jr’s analysis reveals that long-term Bitcoin holders are expressing considerable reluctance in decreasing their inflows. Hence, this reluctance minimizes points toward a resilient conviction in additional price appreciation in the near term. Formerly, such trends of minimizing inflows have mostly aligned with explosive bull runs. Thus, the current phase likely provides a key Bitcoin accumulation phase to capitalize on impending bull markets. Despite the overall strong belief in the upward momentum of Bitcoin, there is still a possibility of short-term volatility.
