Bitcoin Long-Term Holders Pause Selling as Price Stabilizes
Bitcoin's long-term holders (LTHs) have paused their selling activity, with the Net Position Change metric returning to neutral in October. This shift comes after months of distribution, from July to September, driving the Bitcoin price up to around $119,700, a nearly 8% increase in the last seven days.
Glassnode reports that LTHs, often referred to as 'diamond hands' due to their prolonged holding periods, have slowed down their selling activity. These investors, who hold their coins for more than 155 days, have been a significant influence on the market. Their recent neutral Net Position Change indicates a decrease in selling pressure.
Meanwhile, US Bitcoin spot ETFs have also experienced a change in trend. After switching to outflows in late September, they have since turned to net inflows. This shift, coupled with the reduced selling from LTHs, may make ETFs and new inflows more decisive drivers of market direction.
The Bitcoin market is showing signs of stabilization with LTHs pausing their selling activity and ETFs switching to net inflows. Despite the lack of specific information about the organization with the largest Bitcoin treasury, public companies and entities collectively hold significant amounts of Bitcoin, with public companies alone holding approximately 977,818 Bitcoins as of early October 2025. The Bitcoin price stands at around $119,700, reflecting these recent market dynamics.
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