Why is Bitcoin still rising as long-term holders sell and big wallets add 113,950 BTC? | Hindustan Times

Bitcoin holders are taking profits, but the selling is not as heavy as during earlier market peaks. Long-term holders are selling some of their Bitcoin, but the current profit-taking pattern in September 2026 looks different from previous major tops.

Long-term Bitcoin holders are making much smaller gains than they did at the last major peak. Their average gain is about 72% now, compared with around 350% in December 2024, according to CryptoQuant.

Bitcoin selling pressure stays low

This smaller profit may be reducing the pressure to sell. Investors who bought Bitcoin at much lower prices had a much bigger reason to lock in profits during the earlier peak. Today, the average gains are far lower, so the incentive to sell may also be weaker, according to 24/7 Wall St.

Bitcoin is still holding around $84,100 despite the selling. As of September 26, Bitcoin was trading near $84,100, up 4.6% over the previous month. A major reason Bitcoin is staying supported could be buying from mid-sized wallets. Wallets holding between 100 and 1,000 BTC have added a combined 113,950 BTC since July 15, according to Santiment.

Big Bitcoin wallets add 113,950 BTC

These wallets now hold about 5.24 million BTC. Their total holdings increased by about 2.2% between mid-July and late September. These 100-to-1,000 BTC wallets can belong to wealthy investors, hedge funds and trading firms. However, wallet size alone does not reveal exactly who owns the Bitcoin or why the balance has increased.