CryptoQuant analysts have discovered that, since Donald Trump’s election victory, Bitcoin’s price growth has been fueled by large investors (whales).
According to the report, total whale holdings increased from 16.2 million BTC to 16.4 million BTC, while smaller holders reduced their assets from 1.75 to 1.69 million BTC.
Crazzyblockk, a contributor to CryptoQuant, concluded that long-term hodlers are putting minimal selling pressure on major exchanges such as Binance.
Long-term Bitcoin Holders Show Minimal Selling Pressure on Binance
— CryptoQuant.com (@cryptoquant_com) January 24, 2025
“Only 18% of Bitcoin deposits into Binance come from long-term holders—those holding BTC for over 155 days.” – By @Crazzyblockk
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“Only 18% of BTC deposits on Binance come from long-term holders—those who have held BTC for more than 155 days,” the analyst wrote.
He noted that seasoned investors avoid selling despite high volatility, which “reinforces hodler sentiment.”
Crazzyblockk also highlighted historically low Coin Days Destroyed (CDD) levels, indicating minimal movement of “old coins” and reflecting the patience of long-term holders.
Context
- Analysts at Glassnode likewise reported a return to accumulation among hodlers after a sharp sell-off near the $100,000 level.
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