Bitcoin Price Hits Supply Cap at $81,700 as Long-Term Holders Unload BTC
The price of Bitcoin has reached a critical juncture as it tests the $81,700 mark, a long-term supply cap that could hinder further gains. According to CryptoQuant, long-term holders sold up to 539,000 BTC during a 30-day period in 2026, creating a dense supply area between $77,100 and $80,200.
This zone represents more than just a chart line, as it groups coins released by investors who held them through earlier market phases. If buyers can absorb this supply, they will face two further levels: the three-times Metcalfe valuation band at $83,600 and the trader realized price upper band at $88,700.
The recent outflows from U.S. Bitcoin ETFs of $13.29 million on Friday and $462.73 million for the week do not necessarily prove that fund redemptions caused the price retreat. However, the different flows show that ETF demand has become selective and coincides with overhead supply and the failed $81,700 test.
CryptoQuant places the next visible support at the 200-day moving average near $70,000, and a second on-chain accumulation cluster lies between $62,000 and $65,000, where roughly 476,000 BTC accumulated this year.