Bitcoin long-term holder selling slows as ETH whales boost accumulation

Selling pressure from Bitcoin long-term holders (LTHs) has paused for the first time in approximately six months, while Ethereum whales are accelerating their accumulation. According to Cointelegraph, crypto influencer Ted Pillows stated, citing CryptoQuant data, that the halt in selling by LTHs—the first since July—could signal a potential short-term rebound. Holdings by LTHs, defined as wallets holding BTC for over 155 days, declined from 14.8 million BTC in mid-July to 14.3 million in December, but the sell-off has slowed significantly. Conversely, the crypto newsletter Milk Road reported that Ethereum whale addresses have accumulated around 120,000 ETH since Dec. 26. Wallets holding over 1,000 ETH now control about 70% of the total supply, a share that has been rising since the end of 2024.