Key Highlights:
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Entities holding Bitcoin for extended periods have liquidated approximately 241,000 BTC in the last month.
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Chart patterns suggest Bitcoin’s price could potentially decline towards the $95,500 level.
Bitcoin (BTC) saw its long-term holders divest a significant amount, exceeding 241,000 coins, over the preceding month. Market analysts indicate that sustained selling pressure might push the price downward, potentially approaching or even falling below $95,000.
Significant Bitcoin Holdings Sold by Long-Term Owners
Long-term Bitcoin holders (LTHs), defined as wallets maintaining coins for a minimum of six months, appear to have initiated selling activity following Bitcoin achieving new record highs above $124,500 during August.
Related: Bitcoin Reaches
$111.3K; Forecast Suggests Potential 10% Dip as “Worst Case” Scenario
According to CryptoQuant’s analyst Maartunn, examining the change in LTH supply over a 30-day moving average, revealed a net reduction of 241,000 BTC, valued at approximately $26.8 billion based on current market values as of Monday. He commented,
indicating:
“This represents one of the most substantial declines observed since the beginning of 2025.”
This trend could potentially exert continued downward pressure on Bitcoin’s price in the coming weeks, particularly when considered alongside the actions of large-scale holders (whales), who, over the same period, have sold off over 115,000 BTC.
In parallel, while Bitcoin Treasury Companies have collectively achieved a record aggregate holding of 1 million BTC, the rate of increase has considerably diminished during the past month.
Data provided by CryptoQuant reveals a sharp decline in Strategy’s monthly acquisitions, from over 134,000 BTC in November 2024 to just 3,700 BTC in August 2025.
Other Treasury Companies accounted for 14,800 BTC purchased in August, a drop from their record-breaking 66,000 Bitcoin acquisition in June 2025.
The onchain analytics firm elaborated in their most recent Weekly Crypto Report:
“Lower transaction volumes suggest a waning appetite among institutional investors.”
Capriole Investments’ founder, Charles Edwards, also highlighted the diminishing rate of company Bitcoin purchases on a daily basis, signaling potential “exhaustion” among institutions.
Treasury Company demand continues to collapse. The companies are still staunchly buying, but the rate of companies purchasing per day continues to fall.
Are institutions exhausted, or is it just a dip? pic.twitter.com/3ItN1tVIaU— Charles Edwards (@caprioleio) September 7, 2025
<p>Reduced buying activities from treasury companies add pressure, intensifying the existing downward trend.</p>
<h2>Bearish Bitcoin Chart Pattern Suggests Potential $95,000 Target</h2>
<p>Bitcoin's value decreased by 14% from its <a
href="https://cointelegraph.com/news/was-124k-the-top-bitcoin-price-peak-signals-different-story" rel="" target="_self"
title="https://cointelegraph.com/news/was-124k-the-top-bitcoin-price-peak-signals-different-story">$124,500 peak</a> established on August 16,
reaching a seven-week low of $107,500 on August 30, according to data provided by <a data-ct-non-breakable="null"
href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.."
title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null"
href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener nofollow" target="_blank"
title="null">TradingView</a>.
</p>
<p>Since then, the price has experienced a recovery, currently hovering around $111,500.</p>
<p>This recent price behavior has manifested a <a href="https://cointelegraph.com/news/how-to-trade-bull-and-bear-flag-patterns" rel=""
target="_self" title="https://cointelegraph.com/news/how-to-trade-bull-and-bear-flag-patterns">bear flag</a> formation on the daily chart, as illustrated below.
Bitcoin broke below the flag on Saturday and is currently testing the lower boundary, positioned at $112,000 (the 100-day SMA).
</p>
<p>A failure to successfully <a href="https://cointelegraph.com/news/bitcoin-euphoric-phase-cools-112k-key-btc-price-level" rel=""
target="_self" title="https://cointelegraph.com/news/bitcoin-euphoric-phase-cools-112k-key-btc-price-level">establish $112,000 as a support level</a> could
initiate a continuation of the downtrend, potentially targeting the bear flag's projected price point of $95,500, which represents a 14.5% decline from current valuations.
</p>
<figure><img src="https://s3.cointelegraph.com/uploads/2025-09/0199289b-4a02-77af-b505-c5fd2db23b68" title="" />
<figcaption style="text-align: center;"><em>BTC/USD daily chart. Source: Cointelegraph/</em><a data-ct-non-breakable="null"
href="https://www.tradingview.com/x/1yGJDIAn/" rel="noopener nofollow" target="_blank" title="null"><em>TradingView</em></a></figcaption>
</figure>
<p>However, according to X user Coin Signals, the broader perspective appears healthier, as the <a
href="https://cointelegraph.com/news/bitcoin-whales-send-btc-price-under-109-5k-market-wobbles-into-us-pce" rel="" target="_self"
title="https://cointelegraph.com/news/bitcoin-whales-send-btc-price-under-109-5k-market-wobbles-into-us-pce">recent 13% retracement from its all-time
high</a> is relatively minor compared to historical pullbacks.
</p>
<p>As Cointelegraph <a href="https://cointelegraph.com/news/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week" rel=""
target="_self" title="https://cointelegraph.com/news/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week">previously covered</a>, current
predictions factor in the possibility of Bitcoin declining below $90,000 while maintaining its trajectory toward future all-time highs.
</p>
<figure><img src="https://s3.cointelegraph.com/uploads/2025-09/0199289b-4da2-74b7-ae4d-87ae821ce4c6" title="" />
<figcaption style="text-align: center;"><em>BTC/USD weekly chart. Source: Coin Signals</em></figcaption>
</figure>
<p>Notably, a 30% decline from the current record peak would place Bitcoin's price floor at roughly $87,000, aligning with the <a
data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-holders-distribute-as-dollar105k-becomes-btc-s-last-stronghold"
title="null">realized price of holders</a> between 6 and 12 months.</p>
<p class="post-content__disclaimer" data-ct-non-breakable="undefined" type="">This article does not constitute financial advice. Trading and investing inherently carry risk, and individuals should perform their own research prior to making any decisions.
</p>
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