Bitcoin is experiencing a strong price increase while investors patiently hold their capital, with limited selling despite the price reaching historical highs.
This phenomenon indicates that market sentiment is very positive, combined with a shortage of Bitcoin supply on exchanges, which could create momentum for the next bullish cycle.
MAIN CONTENT
Short-term investors (STHs) are not selling despite profits, creating a trend of holding money for longer.
The derivatives market is stable, with no FOMO frenzy despite Bitcoin reaching a new peak.
The supply of Bitcoin on exchanges is sharply decreasing, with long-term holders (LTHs) buying more than the amount released by miners.
Short-term investors refuse to sell — What is the reason?
On-chain data shows that investors holding Bitcoin for less than 155 days (also known as STHs) are exhibiting unusual behavior during this price increase, as they are not selling despite an average profit of 18%.
According to CryptoQuant's analysis, short-term holders (STHs) usually take profits quickly when prices peak, but this time the SOPR ratio maintains a neutral state, indicating a patient holding of coins beyond previous limits.
There are no clear signs of selling or accumulating from the short-term investor group, which is quite rare in the history of Bitcoin's price increase.
Quote from the CryptoQuant report, 07/2025
What is special about the derivatives market?
The banking derivatives market also does not show excessive excitement, with the funding rate at only 0.01, indicating a moderately optimistic outlook and no FOMO phenomenon.
This is a sign that derivatives traders remain cautious, avoiding overheating the price even though Bitcoin has reached a new ATH.
The derivatives market is showing balance between long and short contracts, with no signs of stress or excessive emotional inflation.
CryptoQuant analysis, July 2025
Can the Fair Value Gap (FVG) push Bitcoin to adjust?
Bitcoin created an FVG area when it surpassed the $111,980 mark – a place where unfulfilled orders remain – causing the price to have a recovery but not sustainably.
Currently, a new FVG area has emerged from $111,980 to $115,222. If history repeats itself, Bitcoin may return to test this area before breaking out.
If selling pressure continues to remain low and investors maintain their buying trend, this FVG area is likely to become a bounce point to advance further beyond the current peak.
Is the supply of Bitcoin on the market tightening?
Data from Glassnode indicates that the amount of Bitcoin on exchanges is continuously decreasing, while long-term holders are buying in faster than the amount of BTC released by miners.
This suggests the potential for supply shortages in the near future, creating significant buying pressure and possibly pushing Bitcoin's price higher as demand increases.
Factors Short-term investors (STHs) Long-term investors (LTHs) Miners Behavior at ATH Hold coins, little selling Strong buying Slower BTC release than buying Current profit About 18% but not selling Long-term holding, accumulation New supply to market
Frequently Asked Questions (FAQ)
Is Bitcoin at risk of adjusting after reaching its peak? There is a possibility of a slight adjustment at the Fair Value Gap area, but low selling pressure helps the price continue its upward trend. Why are short-term investors not selling despite profits? STHs currently hold a more patient attitude, not rushing to take profits due to market expectations still rising. What does the funding rate say about the derivatives market trend? A low funding rate of 0.01 indicates balance, and the market shows no signs of FOMO. What does the decreasing Bitcoin supply on exchanges mean? A decrease in supply on exchanges indicates increased buying pressure, which could push BTC prices higher in the future. What role do long-term holders play in price trends? LTHs buying more helps create support for the price, limiting declines when the market fluctuates.
Source: https://tintucbitcoin.com/bitcoin-ath-tang-trader-chua-ban-manh/
Thank you for reading this article!
Please like, comment, and follow TinTucBitcoin to always stay updated with the latest news on the cryptocurrency market and not miss any important information!
