Quick Breakdown
- Bitcoin broke above the $94,200 resistance level, extending gains toward $97,500 as bullish momentum strengthened.
- On-chain data shows Value Days Destroyed (VDD) near 0.53, indicating long-term holders are largely holding rather than selling.
- Low VDD during a price rally suggests the move is driven by genuine demand, not short-term speculative selling.
Bitcoin extended its latest rally after breaking above the $94,200 resistance level, climbing toward the $97,500 zone as on-chain indicators point to a strengthening market structure rather than speculative excess. Data suggests that long-term holders are largely absent from current selling activity, reinforcing confidence in the move.
According to on-chain metrics, the rally is unfolding without meaningful distribution from older coins, a pattern historically associated with healthier price expansions rather than short-lived spikes.
Bitcoin Breaks Resistance as Holders Refuse to Sell
“Historically, when Bitcoin’s price rises while VDD remains low, the market tends to be in a healthy expansion phase, where demand absorbs the available supply without generating structural selling pressure.” – By @oro_crypto pic.twitter.com/soss3JTgU0
— CryptoQuant.com (@cryptoquant_com) January 15, 2026
Long-term holders show limited selling activity
One of the key indicators supporting this view is Value Days Destroyed (VDD), which measures how long bitcoins were held before being spent, weighted by transaction size. Higher readings typically signal that older coins are being sold, while lower values indicate that recent buyers are driving network activity.
So far in January 2026, Bitcoin’s VDD has averaged around 0.53, a level considered historically low. This suggests that the coins moving on-chain are relatively young, while long-term holders continue to sit on their positions despite higher prices. Market observers often interpret this behaviour as a sign of conviction rather than profit-taking.
When long-held coins remain inactive during a breakout, it reduces the risk of sudden supply shocks entering the market. This dynamic can help sustain upward momentum as demand absorbs circulating supply without triggering heavy sell pressure.
On-chain structure supports the breakout
Bitcoin’s advance above resistance has occurred alongside steady price action rather than sharp liquidation-driven moves. Historically, periods where price rises while VDD remains suppressed tend to reflect organic demand growth rather than leverage-fueled rallies.
Analysts note that this pattern places the market in what is often described as a “healthy expansion phase,” where buyers push prices higher without forcing long-term participants to exit. As a result, the rally carries stronger structural support than rebounds driven by short-term traders alone.
Meanwhile, bitcoin showed signs of recovery despite recent price fluctuations, with long-term holders continuing to accumulate amid short-term selling pressures, according to CryptoQuant.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
