A recent analysis by market research firm Glassnode suggests that older Bitcoin holders, those who’ve held the cryptocurrency for three to five years, are slowing down their selling activity. This development marks a potential positive sign for Bitcoin’s price trajectory in the coming weeks. 📈 📉 💰 💎 🤑 💸 📈
Recall that during an earlier period of sales (April 2025), these investors depleted their supply share, leading to a notable decrease in BTC availability.
However, now, Glassnode reports that the three-to-five-year cohort is experiencing a slowdown in their selling, with a significant drop observed since April. This group’s aggregate spending has reached levels not seen since March 2017, indicating they are becoming less eager to sell.
What does this mean for Bitcoin? 🤔
Glassnode states that this trend of holding onto their assets suggests a potential for price increases as these investors take profits from rallies. Furthermore, it highlights the group’s tendency to sell into strength when prices rise, potentially influencing future market movements. 💰🤑🔥
Historical data reveals that Bitcoin has seen significant upward momentum during past rallies (March 2024 and February 2025). These investors have been contributing substantially to this growth, with the three-to-five-year cohort playing a significant role in spending billions of dollars. This recent surge represents the fifth largest spending spike in this bull cycle, led by this investor group.
This shift signals a potential turning point in the market. While older investors are showing signs of selling exhaustion, their continued holding power could potentially drive Bitcoin’s price higher if they decide to sell during upcoming rallies.
The analysis provides an insightful glimpse into the dynamics of Bitcoin investor behavior and could be valuable for those following the cryptocurrency market.