{"id":101571,"date":"2025-10-02T11:58:54","date_gmt":"2025-10-02T11:58:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=101571"},"modified":"2025-10-02T11:58:54","modified_gmt":"2025-10-02T11:58:54","slug":"3800-btc-added-by-long-term-holders-in-30-days-as-bitcoin-eyes-120k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=101571","title":{"rendered":"3,800 BTC Added by Long-Term Holders in 30 Days as Bitcoin Eyes $120K"},"content":{"rendered":"

Bitcoin (BTC) was priced at around $118,600 at press time, showing a 4% increase over the last 24 hours and a 6% gain this week. Long-term holders have been on an accumulation spree lately, adding more than 3,800 BTC to their balances on a monthly scale.<\/p>\n

Traders and analysts are now watching the charts to see where the market heads next.<\/p>\n

Long-Term Holders Increase Exposure<\/h2>\n

Analyst Ali Martinez reported that wallets holding Bitcoin for extended periods added over 3,800 BTC during the past 30 days. Glassnode data backs this up, showing a net position change of over 3,890 BTC. This activity follows a period of selling in August and early September.<\/p>\n

Long-term holders are accumulating. Over 3,800 Bitcoin $BTC<\/a> bought in the past month. pic.twitter.com\/Ap3qG8SRA9<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 2, 2025<\/a><\/p>\n\n

Bitcoin\u2019s price rose from around $112,000 to above $118,000 during the same time. This suggests that long-term holders are building positions as the price climbs, which is often seen as a sign of steady market confidence rather than panic buying or selling.<\/p>\n

Interestingly, CryptoQuant\u2019s Long-Term Holder SOPR, which measures whether coins are being sold at a profit or loss, is currently reading around 1.8. This means most long-term holders who are selling now are doing so at a profit.<\/p>\n

<\/a>Source: CryptoQuant<\/p>\n

Throughout the year, this metric has stayed above 1. That tells us holders are not under pressure to sell at a loss. Instead, they appear to be managing their exits carefully, without triggering wider selling across the market.<\/p>\n

Price Tests Key Level Once Again<\/h2>\n

A chart shared by Rekt Capital shows Bitcoin pushing above the $117,300 level. This price acted as a breakout zone in mid-July and is now being tested again. A close above this level followed by a retest could support a move toward $120,000.<\/p>\n

#BTC<\/a><\/p>\n

If Bitcoin is able to replicate its green circled mid-July 2025 Daily Close above ~$117.3k (blue) then Bitcoin has a chance at revisiting $120k sooner rather than later<\/p>\n

Daily Close above ~$117.3k followed by a post-breakout retest would be ideal$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> pic.twitter.com\/bQWpBJKGAj<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) October 1, 2025<\/a><\/p>\n\n

Traders are watching closely to see if the setup mirrors the earlier pattern that led to a rally.<\/p>\n

New Quarter Opens With a Breakout<\/h2>\n

A separate chart from Daan Crypto Trades shows<\/a> Bitcoin breaking out of a downward trend channel that had held since July. The close at the start of October, near $118,600, marked a clean move above resistance.<\/p>\n

Daan noted that staying above $112,000 would help keep the trend intact. He also said that the start of a new month and quarter often brings short-term volatility. Still, the broader setup remains in favor of continued strength as long as the price holds above key support.<\/p>\n

The post 3,800 BTC Added by Long-Term Holders in 30 Days as Bitcoin Eyes $120K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) was priced at around $118,600 at press time, showing a 4% increase over the last 24 hours and a 6% gain this week. Long-term holders have been on an accumulation spree lately, adding more than 3,800 BTC to their balances on a monthly scale. Traders and analysts are now watching the charts to […]<\/p>\n","protected":false},"author":0,"featured_media":101572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101571"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101571"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101572"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}