In accordance with Bijié Wǎng, long-term Bitcoin holders have stopped their months-long selling, with net supply changes over the past 30 days returning to a neutral level. This shift mirrors patterns seen earlier this year before a price increase, suggesting that experienced investors perceive limited downside risk at current levels. The easing selling pressure may tighten market supply, making prices more sensitive to demand and potentially creating conditions for easier price gains, even without a surge in new buyers.
Long-Term Bitcoin Holders Halt Months-Long Selling, Signaling Potential Bullish Shift
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Summary
Bitcoin price today shows signs of a bullish trend as long-term holders end months of selling, per Bijié Wǎng. Net supply changes over 30 days have returned to neutral, echoing earlier patterns before price gains. Reduced selling may tighten supply, making Bitcoin price today more responsive to demand and easing upward movement.
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