The Bitcoin market is currently experiencing a notable downturn, with the cryptocurrency’s price hovering over 30% below its all-time high of approximately $126,000, reached in early October 2025. Following a dramatic market event on October 10, Bitcoin has struggled, and the prevailing sentiment suggests that the price drop is largely a result of escalating selling pressure.
However, recent on-chain data presents a surprising twist. According to on-chain analyst Axel Adler Jr., Bitcoin has not experienced significant selling pressure since early 2023. This unusual situation places the leading cryptocurrency at a critical juncture, suggesting it could be poised for a shift in seller activity, potentially nearing record lows for selling pressure.
Adler Jr.’s analysis focuses on the Sales Pressure metric, which monitors various indicators related to investor behavior and the dynamics of supply and demand. This metric provides real-time insights by tracking coin movement on the blockchain, allowing for predictions regarding possible price trends. Notably, CryptoQuant’s data indicates that Bitcoin has gone an impressive 1,079 days without substantial selling pressure, closing in on a record of around 1,125 days of what can be described as seller silence.
The absence of strong selling pressure suggests that there has been little mass profit-taking, capitulation events, or distribution among investors. While this may indicate stability, Adler Jr. reminds us that a lack of selling pressure does not guarantee immediate price appreciation for Bitcoin. Historically, significant downturns in selling pressure have often preceded noteworthy price rallies. For instance, in late 2015, as selling pressure diminished, Bitcoin’s price ascended from below $1,000 to nearly $20,000 by December 2017. A similar pattern unfolded after the 2019 selling pressure, culminating in Bitcoin reaching an all-time high of around $69,000.
With the current period of seller silence approaching its record high, analysts speculate that strong sales pressure could soon emerge. Although such a phase may challenge Bitcoin’s price in the short term, the long-term outlook appears optimistic, with the potential for an upward rebound post-pressurization. Adler Jr. concludes that while the Bitcoin market faces challenges, it remains structurally resilient.
At present, Bitcoin’s price is approximately $87,810, showcasing consistent stability with minimal movement over the past 24 hours, as traders and investors continue to monitor market dynamics closely.
