Long-term holder (LTH) selloffs cool, easing Bitcoin price selling pressure.
\nBTC price holds above $116,817 despite rejection near $122K.
\nCPI data may decide the next major BTC price move.<\/p>\n
Bitcoin price forecast shows BTC price steadying as long-term holder selloffs cool.<\/p>\n
Meanwhile, traders are watching on-chain flows and macro prints for signs of the next directional move.<\/p>\n
Long-term holders have materially reduced daily sales, and consequently, the market has seen a clear shift toward holding.<\/p>\n
According to on-chain data, daily LTH sales slipped below $1 billion in August, after averaging above that threshold in July, and this shift has removed a notable chunk of selling pressure.<\/p>\n
Moreover, the reduced flow of coins to exchanges, according to Coinglass<\/a>, has coincided with renewed accumulation, which in turn supports a calmer BTC price near current range levels.<\/p>\n Binary Coin Days Destroyed has dropped toward zero, signalling that older coins are not moving and therefore are being held longer.<\/p>\n\n Additionally, the Fund Flow Ratio<\/a> sits at unusually low levels, around 0.057, and this suggests fewer assets are being sent to exchanges.<\/p>\n Consequently, spot market net inflows \u2014 including a recent $51 million buy day after a $242 million sell-off on August 10 \u2014 reinforce that demand is returning more steadily than before.<\/p>\n Technically, Bitcoin broke upward from a triangle and remains above the $116,817 breakout threshold, which means momentum is still intact.<\/p>\n However, recent attempts to clear $122,000 ended with a rejection and a \u201cgravestone\u201d doji candlestick, and hence, traders note that the path to a new ATH may not be smooth.<\/p>\n\n Meanwhile, a CME futures gap near $117K and four-hour 200MA\/EMA confluence add short-term technical magnetism that could invite retests before any sustained push higher.<\/p>\n Macro catalysts are front and centre because upcoming US CPI figures influence rate-cut expectations and dollar strength.<\/p>\n If core inflation prints higher than expected \u2014 for example, near 3.1% \u2014 then Fed-cut odds for September would likely decline, and as a result BTC price may face pressure.<\/p>\n Conversely, a softer CPI near 2.9% would boost rate-cut prospects, weaken the dollar, and likely favour renewed upside for crypto and BTC price momentum.<\/p>\n On the bullish path, continued LTH holding, steady capital inflows, and a break above recent highs could carry BTC to new discovery above $123,000 and into a $120K\u2013$125K zone.<\/p>\n On the bearish path, a confirmed distribution phase \u2014 as some Wyckoff-analysing traders warn \u2014 could open a markdown toward the $92K\u2013$95K area, and therefore, traders must respect risk controls.<\/p>\n $BTC<\/a> | Wyckoff Logic in Play \ud83d\udcca<\/p>\n After a strong Accumulation Phase in March\u2013April confirmed by bullish RSI divergence, BTC entered a powerful Mark-Up phase, reaching new highs.<\/p>\n Currently, price action is showing signs of a Distribution Phase \u2014 sideways movement with weakening\u2026 pic.twitter.com\/PTDoosNnDb<\/a><\/p>\n \u2014 ZAYK Charts (@ZAYKCharts) August 12, 2025<\/a><\/p>\n\n Thus, momentum and macro prints will decide whether the market grinds higher or re-enters a corrective phase.<\/p>\n Watch whether BTC holds $116,817 and whether exchange inflows remain subdued, because these are immediate signs of supply drying up.<\/p>\n Also, monitor short-term technical confluence at the CME gap near $117K and the reaction to CPI data, since both can trigger quick directional moves.<\/p>\n While sentiment includes bullish voices like the co-founder of PayPal, Peter Thiel, who sees structural undervaluation, traders should remain nimble and factor in both upside targets and downside scenarios.<\/p>\n The current Bitcoin forecast balances improved on-chain accumulation against near-term macro risk, and this equilibrium shapes the prevailing BTC price outlook.<\/p>\n The post Bitcoin price forecast: BTC price steadies as long-term holder selloff cools<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Long-term holder (LTH) selloffs cool, easing Bitcoin price selling pressure. BTC price holds above $116,817 despite rejection near $122K. CPI data may decide the next major BTC price move. Bitcoin price forecast shows BTC price steadying as long-term holder selloffs cool. Meanwhile, traders are watching on-chain flows and macro prints for signs of the next […]<\/p>\n","protected":false},"author":0,"featured_media":4541,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4540"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4541"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}On-chain evidence points to accumulation<\/h2>\n
Triangle breakout holds, but risks remain<\/h2>\n
CPI and Fed policy could tilt the scales<\/h2>\n
Two plausible paths for Bitcoin traders<\/h2>\n
Bitcoin price forecast: What traders should watch<\/h2>\n