Bitcoin Permanent Holders Absorb Selling Pressure Amid Accumulation Surge – CryptoQuant

Quick Breakdown 

• Bitcoin’s permanent holders continue to accumulate, absorbing short-term selling pressure and strengthening market foundations.
• Realized price for long-term holders reaches ~$78.5K, indicating institutional and whale confidence.
• Liquidity expansion from expected rate cuts and rising M2 supports a potential faster recovery in BTC price momentum.

Bitcoin (BTC) is showing signs of resilience despite recent price volatility, with long-term holders continuing to accumulate amid short-term selling pressure as reported by CryptoQuant. According to Blackbird Insights, inflows into “permanent holder” wallets that have never recorded an outflow have steadily increased, reflecting growing confidence from institutional investors, funds, and high-net-worth individuals.

BTC Permanent Holders Absorb Selling Pressure as Accumulation Accelerates

“The realized price of these holders has continued to climb, reaching around $78.52k, indicating that long-term-oriented capital is accumulating even at relatively higher price levels.” – By @MAC_D46035 pic.twitter.com/xt2KqTIumL

— CryptoQuant.com (@cryptoquant_com) November 7, 2025

IMG TXT: Bitcoin Permanent Holders Absorb Selling Pressure. Source: CryptoQuant  

Long-term capital accumulates above $78K

Analysis indicates that the realized price, or average acquisition cost, for these permanent holders has reached approximately $78,520. This suggests that long-term-oriented capital is absorbing market supply even at relatively elevated price levels, effectively rotating ownership from short-term traders to stronger hands. Market experts note that a significant downturn, or a true “crypto winter,” would likely occur only if BTC breaks below this realized cost basis.

Short-term factors such as a potential U.S. government shutdown, equity market corrections, and elevated premiums in the South Korean market could trigger temporary volatility. However, the accumulation trend underscores growing institutional conviction and a strengthening BTC foundation.

Liquidity expansion supports recovery potential

The market is also entering a phase of liquidity expansion, driven by expectations of future U.S. interest rate cuts, the end of quantitative tightening (QT), and a rising M2 money supply. These macroeconomic conditions suggest that the current cycle may experience a faster recovery in price momentum compared to previous prolonged downturns.

Despite near-term uncertainties, Bitcoin’s ongoing accumulation by permanent holders and improved liquidity conditions signal resilience, positioning BTC for potential upward momentum in the medium term. Analysts suggest that monitoring the realized price floor will be critical in assessing market stability and the depth of any corrections.

Further reinforcing the bullish case, on-chain indicators also point to a potential trend reversal. In an earlier analysis dated April 13, CryptoQuant contributor Joao Wedson highlighted a narrowing gap between Bitcoin’s futures and spot prices on Binance—referred to as the perpetual-spot gap. This contraction often signals a shift in market sentiment and may suggest a transition from consolidation to upward momentum.

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