3,800 BTC added by Long-term holders in 30 days as Bitcoin-eyes $ 120k

Long -term holders add 3,800 BTC in 30 days as Bitcoin rises to $ 118.6k. Analysts follow the key of $ 117.3k level with eyes on $ 120k breakout.

Bitcoin (BTC) cost around $ 118,600 at the time of the press, with an increase of 4% compared to the last 24 hours and a profit of 6% this week. Long -term holders have been on an accumulation lately and added more than 3,800 BTC to their balances on a monthly scale.

Traders and analysts are now looking at the graphs to see where the market is going.

Long -term holders increase exposure

Analyst Ali Martinez reported that portfolios have added more than 3,800 BTC for the past 30 days. Glassnode -data is collected and shows a net position change of more than 3,890 BTC. This activity follows a period of sale in August and early September.

Long -term holders gather. More than 3,800 Bitcoin $ BTC Bought in the past month. pic.twitter.com/AP3QG8SRA9

– Ali (@ali_charts) October 2, 2025

The price of Bitcoin rose from around $ 112,000 to more than $ 118,000 in the same time. This suggests that holders in the long -term positions build up as the price climbing, which is often seen as a sign of stable market confidence instead of buying or selling in panic.

Interesting is that the long -term holder of cryptoquant, who is being sold or coins with profit or loss, currently read around 1.8. This means that most holders in the long term that now sell do with a profit.

This metriek has remained above 1 all year round. That tells us that holders are not under pressure to sell in the event of a loss. Instead, they seem to manage their outputs carefully, without activating broader sales on the market.

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Price test again the most important level

A graph shared by Rekt Capital shows Bitcoin that pushes above the level of $ 117,300. This prize acted as a breakout zone in mid-July and is now being tested again. An end above this level, followed by a retest, could support a movement to $ 120,000.

#BTC

If Bitcoin is able to replicate its green circled mid -2025 daily, close by ~ $ 117.3k (blue), then Bitcoin has a chance to visit $ 120k earlier instead of later

Daily close ~ $ 117.3k followed by a retest after the outbreak would be ideal$ BTC #Crypto #Bitcoin pic.twitter.com/bqwpbjkgaj

– Rekt Capital (@RectCapital) October 1, 2025

Traders are closely monitoring to see if the setup reflects the earlier pattern that has led to a rally.

New quarter opens with an outbreak

A separate graph of Daan Crypto Trades to show Bitcoin broke from a downward trend channel that had held since July. The end of October, almost $ 118,600, marked a clean movement above resistance.

Moon noted that staying above $ 112,000 would help keep the trend intact. He also said that the start of a new month and quarter often yields short -term volatility. Nevertheless, the broader arrangement remains in favor of continuous strength as long as the price applies to the most important support.