Bitcoin long-term holders have cut their holdings by 300,000 BTC since August, adding selling pressure to a market now testing a key support zone near $80,000, according to analyst Darkfost.

The 30-day average change in long-term holder supply currently stands at minus 195,000 BTC. Meanwhile, BTC trades near $80,535 with the Relative Strength Index below 50 and the MACD negative, reflecting weak momentum and continued selling pressure. Immediate support sits at $80,000, followed by $79,000, whileing $82,000 could open a recovery toward $83,000–$84,000.

Long-Term Holder Supply Declines Despite Earlier Growth

Darkfost said approximately 15.6 million BTC currently belong to long-term holders, defined as investors who have held their coins for more than 155 days. In December 2025, this group held around 14 million BTC, meaning another 1.6 million BTC have since entered the category.

That 155-day cutoff is why the gauge is a staple of on-chain analysis — it screens out short-term trading and tracks the market's longer-tenured owners, making shifts in cohort size a standard read on whether established holders are accumulating or distributing.

However, long-term holder supply has declined by 300,000 BTC since August as Bitcoin rebounded. Darkfost noted that these holders generally sell less readily than short-term holders, but the recent outflows indicate some have taken profits.

The 30-day average supply change of minus 195,000 BTC means long-term holders are selling more Bitcoin than the amount entering their cohort through the 155-day holding threshold.

Bitcoin Price Slides Toward $80,000 Support

Bitcoin traded between $83,000 and $86,000 in late September, briefly approaching $87,000. Selling then intensified around October 6–9, pushing BTC toward $81,000. A recovery toward $84,000 between October 19 and 21 failed to hold, leaving the current price below where it stood before the early-October selling picked up.

By October 25, Bitcoin approached $80,000, with a sharp wick briefly extending below $79,000 before prices recovered modestly. The latest four-hour candle, charted on TradingView, showed BTC at $80,535.56, down 0.51%. The candle opened at $80,805.42, reached $80,900.51 and dropped to $80,404.82.

Technical Indicators Show Weak Momentum

Bitcoin's Relative Strength Index stands at 41.79, above its 40.21 moving average but below the neutral 50 threshold, indicating weak momentum despite a possible short-term recovery attempt. The RSI measures the pace of recent price swings on a 0–100 scale, which is why sub-50 readings are treated as momentum favoring sellers.

The MACD line remains at minus 479.10, below the signal line at minus 420.24, while the histogram reads minus 58.86, reflecting continued downward momentum. The MACD tracks momentum through moving-average crossovers, and a line holding beneath its signal line is a standard marker of persistent selling pressure.

Immediate support is around $80,000, followed by $79,000, the levels traders are watching to see whether buyers can defend; a break below those levels could expose further downside, while reclaiming $82,000 could open a recovery toward $83,000–$84,000.