In cryptography, we observe a kind of card shuffling. According to recent reports, long-term Bitcoin holders have softened their selling after months of steady discounts, while huge Ethereum wallets accumulate more tokens.
Traders remain cautious amid price volatility, with data giving mixed signals on where money will go.
According to on-chain data cited in market commentary, wallets that held Bitcoin for at least 155 days reduced their total from almost 15 million coins in mid-July to just over 14 million in December.
Aether whales boost their possessions
Based on reports citing CryptoQuant and the cryptocurrency bulletin, addresses storing huge amounts of ether have added approximately 120,000 ETH since December 26.
Milk Road analysts say that wallets holding over 1,000 ETH currently control about 70% of the supply, and this share has been growing since the end of 2024.
Mighty concentration can indicate powerful conviction among a few players, but it can also leave the market exposed if the same wallets start selling. Both outcomes will impact liquidity and price fluctuations.
Long-term holders stopped selling $BTC for the first time since July 2025
Things are looking good for the relief rally. pic.twitter.com/t7Sl2hS9Ub
— Ted (@TedPillows) December 29, 2025
Long-term Bitcoin holders are suspending sales
Cryptocurrency investor Ted Pillows was quoted on X as saying that long-term holders “stopped selling Bitcoin for the first time since July 2025,” which market watchers saw as a possible turning point in holder behavior.
This change in activity is often taken as a sign of exhaustion after a long period of distribution. This may mean that the sell-off is over, but it does not guarantee a up-to-date uptrend.
Capital movements and market collapse
Garrett Jin, previously working at the BitForex exchange, suggested that after a low squeeze on precious metals, some capital may move from metals to cryptocurrencies.
The reports included references to increases in silver and platinum prices as a background. At the same time, bitcoin has been trading in a tight range recently, bouncing from $86,740 to $90,060 in seven days, keeping many traders on the edge of their seats.
Wood chips price has increased by more than 1,570% this year, which would be an extreme move and would require independent confirmation.
Meanwhile, bitcoin remains well below its record highs. Some analysts say it’s lukewarm ETF demand and market mechanics, including derivatives and liquidity patterns, play a larger role in price action than mainstream sentiment.
To sum up, the data indicate that the market is stabilizing rather than growing significantly. Enormous ether holders are buying, long-term bitcoin holders have paused selling, and US flows look tame.
Featured photo from the GaijinPot blogchart from TradingView
