CryptoQuant: Long-term Bitcoin holders sold record amounts in 2024–2025

New analysis from onchain analytics platform CryptoQuant shows Bitcoin long-term holders — coins dormant for two years or more — sold record amounts during 2024 and 2025, marking unusually high revived supply this bull market. CryptoQuant’s data found spikes in unspent transaction outputs (UTXOs) that had been inactive for two years or more, with 2024 and 2025 "record[ing] the highest annual revived supply from long-term holders in Bitcoin’s history," contributor Kripto Mevsimi said alongside an explanatory chart.

The platform noted the distribution in 2024–2025 rivals patterns seen at the end of the 2017 bull market, which concluded when BTC/USD topped $20,000. Kripto Mevsimi warned "this is not just a repeat of 2017 or 2021," saying the current revival is occurring with "lower overall market noise but significantly older coins." CryptoQuant also argued long-term holders have been "reassessing exposure" since price passed the $40,000 mark.

Early 2026 data, the analysis added, does not yet show a full reversal, but revived long-term supply has moderated compared to the 2024–2025 peaks. The report highlighted broader uncertainty about the cycle ahead: Cointelegraph has noted the return of long-dormant coins to market as a major talking point, and the piece recalled that 2026 is scheduled to be a bear market year with some forecasts projecting falls from the current $90,000.

Key Topics

Crypto, Bitcoin, Cryptoquant, Long-term Holders, Utxo, Bull Market