Bitcoin’s next super rally could depend on this key data point - Source: CoinTelegraph

Bitcoin’s long-term holders (LTHs) went through one of the most aggressive distribution phases on record in 2025. While the scale of selling rattled the market, onchain data analysis suggests that this pressure may be fading, possibly outlining the next bullish period for BTC price.

Key takeaways:

• -Long-term holders distributed about $300 billion in BTC in 2025, marking a historic supply reset.

• -Heavy LTH selling has occurred near cycle peaks or during structural transitions, not at the start of new downtrends.

• -With selling pressure stalling, the next phase may hinge on how early the long-term holder supply stabilizes.

Story continues: https://cointelegraph.com/news/bitcoin-s-next-super-rally-could-depend-on-this-key-data-point