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Long-term Bitcoin holders' sell-off eases, upstream supply pressure gradually releases
【Blockchain Rhythm】Recently, there is an interesting market phenomenon worth paying attention to. According to on-chain data, the recent selling pace of long-term Bitcoin holders has significantly slowed down. The previous extreme net outflows have eased somewhat. What does this mean? It indicates that the market is gradually digesting the supply of chips held by these long-term holders.
From another perspective, the selling pressure that was previously accumulated above is now being slowly absorbed. This easing of supply pressure is usually a positive signal for the market—indicating that funds are gradually stepping in rather than selling off all at once. The slowdown in long-term holder chip outflows means that the market has already digested a large portion of the supply above. From this perspective, the short-term selling pressure has basically been released.