The first half of 2025 is marked by unique trends in the cryptocurrency market. In particular, large Bitcoin (BTC) holders have opted to hold onto their assets, shaping a new direction in the market.
The Holding Trend of Bitcoin in 2025
Since the beginning of 2025, BTC has demonstrated a clear holding trend. According to the liveliness metric, there is a tendency not for distribution, but for accumulation of assets by large holders. This indicates that they are becoming long-term supporters of BTC. Typically, this metric shows how many coins are spent compared to how many are held, reflecting blockchain activity.
Slowing BTC Transactions
The current market of 2025 does not experience deep corrections, and price fluctuations rarely exceed 25% of market value. Transaction fees remain extremely low, ranging from $0.15 to $0.30, even as BTC prices hover near new record highs. Unlike previous market cycles, this year has seen little significant increase in blockchain activity, even during historical price peaks.
Corporate Buyers and New Wallets
Almost all holder cohorts have shifted towards holding, with corporate buyers frequently purchasing BTC for long-term storage. As of the end of June 2025, about 62% of BTC had not moved for over 12 months. This confirms the overall trend of asset accumulation in new wallets, especially among large holders accumulating Bitcoin from various sources.
In the first half of 2025, there is a shift in the perception of BTC, increasingly viewed as a store of value rather than a speculative asset. This trend is expected to continue, given the current accumulation strategies of major holders.
