Bitcoin (BTC) Price Reclaims $97,000 as Cooling Selling Pressure From Long-Term Holders Hints at Another Leg-Up Towards $100,000

Bitcoin surged in the wake of the May 7 FOMC announcement, with on-chain data suggesting a major breakout may be imminent.

Bitcoin price tested the $97,500 level on Wednesday, reclaiming ground after the U.S. Federal Reserve's interest rate decision triggered positive market momentum.

This was despite a slip in the cryptocurrency from yearly highs hit in the last week, with traders assessing whether a leg towards $100,000 was still on the cards.

At the same time, on-chain data showed that long-term holder selling pressure had largely cooled following the FOMC meeting, offering another hint that a continuation of the recent bull market could be in sight.

Bitcoin Age Consumed Plummets After FOMC, Signaling Long-Term Holder Confidence

One of the most striking shifts in on-chain activity came with the collapse of the Bitcoin “Age Consumed” metric by over 90% in the last 48 hours.

This varied indicator, calculated by multiplying the number of BTC moved by the number of days since those coins were last active, is used to gauge whether coins held by long-term holders are entering circulation.

After remaining broadly elevated at around 49.2 million BTC-days on Monday, the metric plummeted to just 4.3 million by Wednesday.

The move signaled that seasoned investors were largely holding their ground, in an instance of on-chain data offering a broadly bullish narrative on Bitcoin price forecast Q2 2025.

This came as the U.S. Federal Reserve opted to pause interest rates at 4.25%–4.50%, while hinting at a slowdown in balance sheet reductions.

While the Fed acknowledged rising uncertainty and continued inflation pressures, it reiterated its dual mandate goals and offered no signals of imminent tightening. Crypto market received the news positively with Bitcoin price rising 2% to test the $97,500 level within hours of the FOMC decision.

With long-term holders largely inactive and short-term speculators encountering reduced levels of resistance, BTC price looks poised to test the $100,000 target in the coming sessions.

CZ Comments, Geopolitical Turmoil, and China Trade Hints Boost Bullish Case

Confidence in Bitcoin was further buoyed by Binance founder Changpeng Zhao, who said this week that “markets still undervalue Bitcoin’s global store-of-value momentum.”

Speaking on a panel, Zhao went on to cite escalating fiat skepticism across regions like Europe, South Asia, and the Middle East—all of which have experienced growing currency instability in 2025.

The timing of Zhao’s remarks coincided with unexpected diplomatic overtures from China, signaling potential easing of trade restrictions with the United States. Traders interpreted this as a potential liquidity catalyst for global markets—and particularly bullish for risk-on assets like BTC.

At the same time, institutional interest appears to be climbing. Derivatives markets have priced in increased volatility for Bitcoin over the next 30 days, with open interest rising sharply post-FOMC. In combination with reduced Age Consumed and improving macro sentiment, some traders believe a $100,000 breakout may be closer than previously anticipated.