- CryptoQuant said Bitcoin’s 90-day buy/sell pressure delta has returned to positive territory, indicating that buyers are again outweighing sellers over the period.
- Santiment reported that wallets holding between 10 and 10,000 BTC accumulated 41,025 BTC over the past 10 days, a trend that has historically coincided with stronger market performance.
- Analysts cautioned that the demand rebound and accumulation by large holders do not yet confirm a sustainable uptrend or guarantee further price gains.
Bitcoin’s 90-day buy/sell pressure delta has moved sharply out of negative territory and returned to a range associated with stronger buyer pressure, CryptoQuant said. Bitcoin’s price recovered alongside the metric.
A positive delta indicates that buyers outweighed sellers during the 90-day window. However, CryptoQuant said the current reading remains below levels recorded during stronger growth phases.
Demand recovery reaches a key point
CryptoQuant cited contrasting historical examples. A move into the current zone in early 2023 accompanied a prolonged price rally, while a similar test in mid-2025 produced a less sustainable upswing before the market weakened again.
Analysts said the key issue is not only whether the delta remains positive, but whether it can continue rising. The current rebound in demand therefore does not by itself confirm that Bitcoin has entered a sustainable uptrend.
Large holders add 41,025 BTC
Separately, Santiment reported increased activity among large Bitcoin holders. Wallets containing between 10 and 10,000 BTC accumulated 41,025 BTC over the past 10 days.
The group’s combined balance rose to 13.64 million BTC, representing 67.93% of Bitcoin’s total supply. According to Santiment, holdings in this category returned to their highest level since the mid-August rally.
Analysts said Bitcoin and the broader cryptocurrency market have historically tended to perform better when these holders were accumulating coins. Selling by the same group, by contrast, increased downward pressure on the market.
The smallest wallets, those holding less than 0.01 BTC, remain mostly inactive. Santiment said a more favorable market setup would involve retail investors selling while large holders continued to accumulate, noting that small traders have historically been prone to panic selling near levels that proved more attractive for buyers.
Santiment emphasized that the current divergence between large and small holders does not guarantee a price increase.
Wintermute previously forecast that macroeconomic factors would increasingly drive the cryptocurrency market’s next moves, including oil prices and developments in the Strait of Hormuz.
Source: Incrypted
