Bitcoin (BTC) was priced at around $118,600 at press time, showing a 4% increase over the last 24 hours and a 6% gain this week. Long-term holders have been on an accumulation spree lately, adding more than 3,800 BTC to their balances on a monthly 0 and analysts are now watching the charts to see where the market heads next. Long-Term Holders Increase Exposure Analyst Ali Martinez reported that wallets holding Bitcoin for extended periods added over 3,800 BTC during the past 30 1 data backs this up, showing a net position change of over 3,890 2 activity follows a period of selling in August and early September. Long-term holders are 3 3,800 Bitcoin $BTC bought in the past 4 — Ali (@ali_charts) October 2, 2025 Bitcoin’s price rose from around $112,000 to above $118,000 during the same 5 suggests that long-term holders are building positions as the price climbs, which is often seen as a sign of steady market confidence rather than panic buying or selling.
Interestingly, CryptoQuant’s Long-Term Holder SOPR, which measures whether coins are being sold at a profit or loss, is currently reading around 6 means most long-term holders who are selling now are doing so at a profit.) then Bitcoin has a chance at revisiting $120k sooner rather than later Daily Close above ~$117.3k followed by a post-breakout retest would be ideal $BTC #Crypto #Bitcoin 7 — Rekt Capital (@rektcapital) October 1, 2025 Traders are watching closely to see if the setup mirrors the earlier pattern that led to a 8 Quarter Opens With a Breakout A separate chart from Daan Crypto Trades shows Bitcoin breaking out of a downward trend channel that had held since 9 close at the start of October, near $118,600, marked a clean move above 10 noted that staying above $112,000 would help keep the trend 11 also said that the start of a new month and quarter often brings short-term volatility.
Still, the broader setup remains in favor of continued strength as long as the price holds above key support.
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