BitcoinBTCThe price of BTC is currently trading at $70,000, as traders seek to stabilize the market after a sharp decline on Friday that briefly brought BTC down below $60,000. BTC lost nearly $10,000 during a single day.
Onchain’s data shows that while long-term holdings (LTHs), have reduced their exposure the most since December 20, 2024, total supplies held by investors has continued to grow in 2026. A divergence like this may signal traders repositioning, and may also indicate discounted Bitcoin.
Takeaways from the conference:
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Bitcoin long-term holders recorded a –245,000 BTC net position change last week, the largest daily outflow since December 2024.
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The LTH stock rose from 13,63 to 13,81 millions BTC by 2026. This shows that investors believed the sales created a discounted opportunity for buying.
The Bitcoin supply is aging, despite the fact that bitcoin distribution has increased.
Glassnode data shows Last Thursday’s BTC net-position-change over the past 30 days decreased exposure by 245,000 BTC. This is an extreme distribution relative to a given cycle. Similar increases in LTH position changes were seen during corrective phases of 2019 and 2021 when the prices consolidated instead of transitioning to downtrends.
CryptoQuant data shows In 2026 the total LTH was 13.81 millions BTC, up from 13.63 in 2016. This is despite continued distribution. This difference is due to the LTH’s time-based classifying system.
As long-term holders continue to grow older, as short-term traders reduce their trading activities during uncertain periods. The LTH can increase even if older cohorts are selling.
Long-term holders’ spent-output-profit ratio (SOPR), which measures the profitability of a company, regained their position over 1 Monday. This signals a recovery from a period in which losses were realized. Bitcoin’s price above $55,000 may indicate a bottom or base building phase.
Related: Bitcoin whales took advantage of $60K price dip, scooping up 40K BTC
Near-term risks continue to be dominated by macro conditions
The U.S. Consumer Price Index data for January is due on Wednesday, amid increased policy uncertainty.
According to Markets, 82.2% of the odds are against a rate reduction at the FOMC meeting in March. CME FedWatch, A restrictive outlook and persistent inflation are reflected in the policy.
Risk assets have been under pressure due to uncertainty surrounding Kevin Warsh’s expected appointment as US Federal Reserve Chair. Risk assets are under pressure from tightening financial conditions and elevated treasury rates. The US 10-year bond yield is near multi-month peaks of 4.22%. credit spreads Keeping the price low. Periods with high real yields were accompanied by lower cryptoliquidity and low BTC spot demand.
While the US Dollar index (DXY), after recovering from lows in January, dropped to below 97, it remains one of the key sources of Bitcoin’s volatility.
Related: BTC traders wait for $50K bottom: Five things to know in Bitcoin this week
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Source: cointelegraph.com
