Bitcoin: In the ever-changing world of Bitcoin, every move tells a story. On September 6, 2025, one of the most fascinating stories unfolded 7,626 Bitcoins, untouched for three to five years, were suddenly moved on-chain. For long-time Bitcoin followers, this is more than just numbers flashing on a blockchain. It’s about history, conviction, and how the hands that once held on tightly to Bitcoin are now choosing to release it back into the market.
Bitcoin today is trading about 9% below its all-time high of $124,500, reflecting recent selling pressure. Yet, despite this turbulence, the $105,000 support zone has stood firm, offering hope to investors who believe in Bitcoin’s resilience. The debate is heating up are we headed for a deeper correction, or is this just the calm before another climb toward new highs?
A Reshuffle in Bitcoin’s Market Structure
Analyst Maartunn describes this moment as a “major Bitcoin reshuffle.” What makes this cycle different is the way older coins are consistently flowing into ETF wallets. This trend isn’t a one-off occurrence anymore. Instead, waves of redistribution have been spotted across 2024 and 2025, signaling a structural change in how Bitcoin supply shifts hands.
Long-term holders, who once embodied the “diamond hands” culture of crypto, appear to be reducing their exposure. On the other side, ETFs and institutions are absorbing this supply. This tug-of-war between seasoned holders and new institutional buyers could decide Bitcoin’s direction in the months to come.
Old Coins, New Moves
The movement of 7,626 BTC aged three to five years is particularly significant. These coins have weathered storms, survived multiple bull and bear cycles, and yet their owners are now choosing to release them. Such unlocks often reflect changing sentiment among long-term holders whether it’s profit-taking, repositioning, or simply adjusting portfolios.
Despite this selling activity, Bitcoin has shown strength by holding above $110,000, proving that there are still plenty of buyers ready to step in. ETFs have been highlighted as a major reason behind this stability, acting as a steady channel of institutional capital into the market. But the question remains can demand keep up with the selling pressure from these newly unlocked coins?
The Technical Picture Resistance Ahead
Bitcoin is currently hovering near $112,409, recovering slightly after recent swings. The short-term support between $109K and $110K has helped cushion the fall, but now BTC faces several hurdles. Key resistance lies around the 50-day moving average ($111,661) and the 100-day moving average ($114,382).
Above that, the 200-day moving average at $114,746 creates a cluster of resistance levels, forming a tough barrier for bulls. If Bitcoin breaks above $114K and holds, it could pave the way for another push toward the $120K–$124K zone. Failure, however, might drag it back to the $106K–$108K range.
A Market in Balance
What makes this moment unique is the balance long-term holders are unlocking their coins, while ETFs and institutions are stepping in to buy. This back-and-forth reflects a maturing market, one where Bitcoin’s story is no longer just about individual investors, but about global financial players shaping its path.
The next few weeks will be crucial. Will ETF inflows be strong enough to absorb this wave of supply? Or will selling pressure weigh down Bitcoin’s momentum? Whatever the outcome, one thing is certain: these old coins remind us that Bitcoin’s past continues to shape its future.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and readers are encouraged to do their own research or consult with a professional before making investment decisions.
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