Bitcoin (BTC) Sell Pressure Eases as Long-Term Holder Supply Hits Cyclical Low

The Bitcoin market is showing signs of a potential shift as selling pressure from long-term holders begins to subside. On-chain data reveals that the supply of BTC held by long-term investors has reached a cyclical low, a historical indicator that often precedes periods of accumulation and reduced market sell-offs. This key metric suggests that a significant portion of coins previously at risk of being sold has now been distributed. Analysts interpret this depletion of long-term holder supply as a bullish signal, indicating that a phase of capitulation may be concluding. With this persistent selling force weakening, the market structure could be strengthening for a potential next leg up, as stronger hands begin to accumulate at current price levels. The easing of this sell pressure is a critical development watched by traders to gauge the transition from a bearish to a bullish market regime.