Looks like the panic selling wave might be over.

Here's what the data tells us: long-term BTC holders dropped their stash to 14.33 million coins last month. That's the lowest level we've seen since March, and it happened right when Bitcoin corrected down to $80K.

But here's the interesting part—now that BTC is climbing back toward $90K, the selling pressure seems to be drying up. When long-term holders stop dumping, it usually means one thing: they think the bottom's in.

Could this be the signal that the shakeout is finally done? The numbers suggest we might be turning a corner.