The Bitcoin price is currently over 30% below its all-time high of around $126,000, which was reached in the first week of October 2025. Unfortunately, it has gone downhill for the premier cryptocurrency since reaching this peak, starting with the infamous October 10 market bloodbath.
The general consensus in the crypto market has been that this price downturn was triggered by the increasing selling pressure. Interestingly, the latest on-chain data suggests that the Bitcoin price has not seen significant selling pressure in years.
Lack Of Selling Pressure Means No Distribution In BTC Market
In a December 27 post on the X platform, on-chain analyst Axel Adler Jr. revealed that the Bitcoin price has not seen strong selling pressure since early 2023. This puts the market leader on the verge of a new record in terms of selling activity.
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The crypto pundit’s on-chain observation revolves around the Sales Pressure metric, which evaluates different indicators that track investor behavior and supply/demand dynamics. This metric tracks the movement of coins on the blockchain in real-time, providing insights into potential price movements.
CryptoQuant’s data shows that the Bitcoin price has gone 1,079 days without strong selling pressure, nearing the current all-time high of seller silence of around 1,125 days. Ultimately, this suggests that the BTC price is yet to see the selling pressure often associated with bear markets.
According to Adler Jr., the lack of strong selling pressure means that the Bitcoin price has not seen mass profit-taking, capitulation events, or distribution. The on-chain analyst did note that the absence of selling pressure doesn’t automatically mean price growth for the flagship cryptocurrency.
However, Adler Jr. highlighted that periods of major selling pressure are often followed by significant price moves for Bitcoin. As shown in the chart below, the Bitcoin price historically tends to go on an extended rally after a period of significant selling pressure.
The price of BTC was below $1,000 as the sales pressure subsided in late 2015, before running to around $20,000 in December 2017. A similar occurrence could be observed after the Bitcoin price came out from under the sales pressure of 2019, before surging to the then-all-time high of around $69,000.
Strong sales pressure is looking imminent for the Bitcoin price, especially as the period of seller silence nears its record high of 1,125 days. While the market leader might struggle during the period of strong selling pressure, the coin would likely exit the phase with an upward bounce. Nevertheless, Adler Jr. concluded that the Bitcoin market remains structurally resilient in its current state.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $87,810, reflecting no significant movement in the past 24 hours.
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Featured image from iStock, chart from TradingView
