LATEST: Long-term Bitcoin holders have sold 539K BTC in the $77K–$80K zone this year, creating a heavy supply wall as BTC's rally stalls under $80K, per CryptoQuant.

What happened

Long-term Bitcoin holders have sold 539,000 BTC this year in the price range of $77,000 to $80,000, according to CryptoQuant. This selling has created a heavy supply wall, and Bitcoin's price rally has stalled below $80,000.

Confirmed

Global impact / market context

This selling pressure near $80,000 can push Bitcoin's price down because more coins become available. If buyers don't step in, the rally may fail, and investors holding Bitcoin could see its value stagnate or drop below current levels.

Analyst inference

The supply wall acts as resistance, meaning the price may struggle to climb above $80,000 unless enough buying demand absorbs the sold coins. This can influence investor confidence and trading activity, possibly keeping Bitcoin range-bound near current prices.

Analyst inference

What to watch

1. As per CryptoQuant, long-term holders have sold 539,000 BTC in the $77K–$80K zone this year, creating a heavy supply wall. Watch whether this selling continues or slows down. Confirmed
2. Monitor Bitcoin's price action near $80,000. If it breaks above this level, the supply wall might be overcome, but if it fails, prices could stay below. Proposed
3. Watch for changes in long-term holder behavior, such as increased or decreased selling, as this could affect Bitcoin's price direction and investor sentiment. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com