Bitcoin Holders Distributing Since ₱5,614,055 ($95,000) Peak
Bitcoin has fallen to ₱3,996,498 ($67,628) as long-term holders increase distribution activity following the ₱5,614,055 ($95,000) peak, signaling a redistribution phase rather than sustained strength.
Key Takeaway
Rising long-term holder activity since $95,000 signals distribution, not accumulation—year-end downside looks likely.
Long-term holder supply activity has climbed steadily since Bitcoin hit $95,000, a pattern on-chain analyst Boris says typically precedes distribution phases rather than sustained rallies.
Boris posted his analysis on X, explaining that volatility in long-term holder supply usually emerges before major upward price movements as Bitcoin gets distributed to strategic locations in preparation for market activity. But the current data tells a different story. As the market rises, these coins are gradually distributed to meet demand. When demand begins to weaken, the market typically transitions into a sideways structure, allowing the distribution process to continue.
Bitcoin traded at $67,628, down 1% in 24 hours. The $60,000 to $62,000 range appears to be a support zone, Boris noted, but the current market structure suggests that this region may simply be acting as a liquidity generation zone within a redistribution phase.
Boris expects any upward movements in the next few weeks to represent a liquidity illusion occurring within the broader distribution phase. Bitcoin ETF outflows hit ₱20.62 billion ($349 million) in a single day this week, adding weight to the distribution thesis.
Downward price movements toward the end of 2026 appear more probable for Bitcoin based on current data, Boris concluded.
This article was written based on reporting from NewsBTC.
