Bitcoin Long-Term Holders’ Selling Pressure Appears to Have Decreased

Long-term holders of bitcoin have halted their selling activity, transforming the psychological $100,000 resistance into a support level.

Bitcoin has remained above $100,000 since January 17, with one brief exception.
Recent volatility was influenced by President Trump's inauguration.
Long-term holders, defined as those holding bitcoin for over 155 days, contributed significantly to previous selling pressure.
In September, long-term holders owned 14.2 million BTC; this figure has decreased to 13.1 million BTC.
Sales have increased recently but at a slower rate as prices rise.
Historically, when long-term holders stop selling, it indicates a market top, as seen in 2013, 2017, 2021, and 2024.