The market environment for Bitcoin in 2025 is filled with paradoxes. On one hand, the selling pressure from whales and long-term holders, along with supply dynamics of insufficient liquidity, has caused market volatility. On the other hand, the inflow of institutional funds and the accumulation by whales suggest that long-term investors may be approaching a turning point. For those with a multi-year investment perspective, the question is no longer whether to enter, but how to strategically position for a potential upcoming generational rebalancing of the market.
Analysis of Selling Pressure
Since October 2025, the price of Bitcoin has struggled to break through the resistance level of $111,000, which has been tested repeatedly by overlapping selling pressure and has refused to break through. Whale trading activity has intensified, with venture capital firms and early investors selling off as the price of Bitcoin reaches historical highs to lock in profits. This situation mirrors the market dynamics after the bursting of the internet bubble in 2000, when large investors sold off after the end of the lock-up period, extending the market consolidation phase.
Coinotag Analysis
Meanwhile, long-term holders (LTH) have accelerated their selling pace, having sold 2.57 million Bitcoins since July 2025, accounting for 13% of the chip supply. However, Bitcoin's price has remained remarkably stable, with a fluctuation range of only $2,000 during the same period, as noted in a report. LookonChain Report.
The slowdown in long-term holders' sell-offs is crucial. As of late October, long-term holders have reduced their Bitcoin supply by 2.2%, having sold a total of 330,000 Bitcoins, a 40% decrease compared to the beginning of the year.
Coinotag Analysis
This indicates that bearish momentum may have exhausted, and whales are accumulating significantly (a net increase of 16,300 Bitcoins within 30 days). Coinotag analysis stabilizes. However, as mentioned above, the release of 62,000 Bitcoins (worth $6.8 billion) from illiquid wallets is still testing the market's absorption capacity. Coinotag analysis.
Institutional Demand: A Ray of Hope
Despite fluctuations in retail sentiment, institutional demand remains strong. According to statistics, from the third quarter to the fourth quarter of 2025, the cryptocurrency market cap grew by 16.4%, reaching $4 trillion, mainly thanks to an average daily trading volume surge of 43.8%, reaching $155 billion.
CoinGecko Report
The immersive experience of Bitmine, like financial companies, led this surge, while the US spot Ethereum ETF also recorded strong net inflows. CoinGecko reported that the spot trading volume on centralized exchanges reached $5.1 trillion, up 31.6% from the second quarter, highlighting the recovery of institutional confidence, as detailed in that report. CoinGecko Report.
This demand is not speculative but structural.
Coinbase
The premium gap measuring institutional buying pressure turned negative in October 2025, indicating a pullback in risk assets. Coinotag analysis, however, this weakness is only temporary. The accumulation by whales and the slowdown of long-term sell-offs indicate that the market is approaching a consolidation phase, which may last no more than a year. Coinotag analysis provides an opportunity for disciplined investors.
Strategic Entry Point: Seize the Opportunities Brought by Capital Inflows
For long-term investors, the current environment is unique. Despite facing significant selling pressure, Bitcoin's price remains stable, indicating strong potential demand, as previously mentioned.
LookonChain Report
This is a typical sign that the market is nearing the bottom, at which point 'smart money' begins to accumulate before a broader upward trend.
Monitoring the supply ratio of long-term holders: the declining holding ratio (the amount of BTC held by LTH relative to total supply) indicates that distribution is changing. However, as previously mentioned, LTH supply has recently decreased by 2.2%. Coinotag analysis suggests that the worst phase of selling may have passed. A rebound in this indicator may confirm that the market is shifting from distribution to accumulation.
Tracking exchange inflows: Institutional capital inflows from the third quarter to the fourth quarter, details see... CoinGecko report proves that Bitcoin remains a strategic asset for treasury bonds and ETFs. Continuous inflows into spot Bitcoin ETFs may facilitate price discovery.
Whale accumulation as a leading indicator: As previously mentioned, whales net increased their holdings by 16,300 Bitcoins in October. Coinotag analysis indicates this is a bullish signal. Historical data shows that significant whale buying typically occurs 6-12 months before a bull market.
Conclusion: Intergenerational Rebalancing
The selling pressure faced by Bitcoin in 2025 is not a bear market but a generational market rebalancing. The continued accumulation by whales, the slowdown of long-term sell-offs, and the inflow of institutional funds have created favorable conditions for long-term investors. Although market volatility will persist, data shows that the Bitcoin market is approaching a critical turning point. For those looking at multi-year investments, the current market environment offers a rare opportunity to buy Bitcoin at prices reflecting its structural demand rather than short-term supply shocks.
The market environment for Bitcoin in 2025 is full of paradoxes. On one hand, the selling pressure from whales and long-term holders, along with the dynamics of illiquid supply, causes market volatility. On the other hand, the inflow of institutional funds and the accumulation by whales suggest that long-term investors may be approaching a turning point. For those looking at multi-year investments, the question is no longer whether to enter, but how to strategically position for a market that may soon experience intergenerational rebalancing.
Selling Pressure Analysis
Since October 2025, Bitcoin's price has struggled to break through the resistance level of $111,000, which has been repeatedly tested and rejected by overlapping selling pressure. Whale trading activity has intensified, with venture capital firms and early investors selling off as Bitcoin prices reach historical highs to lock in profits. This situation mirrors the market dynamics after the burst of the internet bubble in 2000 when large investors sold off after the lock-up period ended, extending the market consolidation.
Coinotag Analysis
Meanwhile, long-term holders (LTH) have accelerated their selling pace, having sold 2.57 million Bitcoins since July 2025, accounting for 13% of the chip supply. However, Bitcoin's price has remained remarkably stable, with a fluctuation range of only $2,000 during the same period, as noted in a report. LookonChain Report.
The slowdown in long-term holders' sell-offs is crucial. As of late October, long-term holders have reduced their Bitcoin supply by 2.2%, having sold a total of 330,000 Bitcoins, a 40% decrease compared to the beginning of the year.
Coinotag Analysis
This indicates that bearish momentum may have exhausted, and whales are accumulating significantly (a net increase of 16,300 Bitcoins within 30 days). Coinotag analysis stabilizes. However, as mentioned above, the release of 62,000 Bitcoins (worth $6.8 billion) from illiquid wallets is still testing the market's absorption capacity. Coinotag analysis.
Institutional Demand: A Ray of Hope
Despite fluctuations in retail sentiment, institutional demand remains strong. According to statistics, from the third quarter to the fourth quarter of 2025, the cryptocurrency market cap grew by 16.4%, reaching $4 trillion, mainly thanks to an average daily trading volume surge of 43.8%, reaching $155 billion.
CoinGecko Report
The immersive experience of Bitmine, like financial companies, led this surge, while the US spot Ethereum ETF also recorded strong net inflows. CoinGecko reported that the spot trading volume on centralized exchanges reached $5.1 trillion, up 31.6% from the second quarter, highlighting the recovery of institutional confidence, as detailed in that report. CoinGecko Report.
This demand is not speculative but structural.
Coinbase
The premium gap measuring institutional buying pressure turned negative in October 2025, indicating a pullback in risk assets. Coinotag analysis, however, this weakness is only temporary. The accumulation by whales and the slowdown of long-term sell-offs indicate that the market is approaching a consolidation phase, which may last no more than a year. Coinotag analysis provides an opportunity for disciplined investors.
Strategic Entry Point: Seize the Opportunities Brought by Capital Inflows
For long-term investors, the current environment is unique. Despite facing significant selling pressure, Bitcoin's price remains stable, indicating strong potential demand, as previously mentioned.
LookonChain Report
This is a typical sign that the market is nearing the bottom, at which point 'smart money' begins to accumulate before a broader upward trend.
Monitoring the supply ratio of long-term holders: the declining holding ratio (the amount of BTC held by LTH relative to total supply) indicates that distribution is changing. However, as previously mentioned, LTH supply has recently decreased by 2.2%. Coinotag analysis suggests that the worst phase of selling may have passed. A rebound in this indicator may confirm that the market is shifting from distribution to accumulation.
Tracking exchange inflows: Institutional capital inflows from the third quarter to the fourth quarter, details see... CoinGecko report proves that Bitcoin remains a strategic asset for treasury bonds and ETFs. Continuous inflows into spot Bitcoin ETFs may facilitate price discovery.
Whale accumulation as a leading indicator: As previously mentioned, whales net increased their holdings by 16,300 Bitcoins in October. Coinotag analysis indicates this is a bullish signal. Historical data shows that significant whale buying typically occurs 6-12 months before a bull market.
Conclusion: Intergenerational Rebalancing
The selling pressure faced by Bitcoin in 2025 is not a bear market but a generational market rebalancing. The continued accumulation by whales, the slowdown of long-term sell-offs, and the inflow of institutional funds have created favorable conditions for long-term investors. Although market volatility will persist, data shows that the Bitcoin market is approaching a critical turning point. For those looking at multi-year investments, the current market environment offers a rare opportunity to buy Bitcoin at prices reflecting its structural demand rather than short-term supply shocks.#Strategy增持比特币
