BTC long-term holder selling slows, but upward momentum lacking

While Bitcoin (BTC) long-term holders have resumed buying, the momentum is not yet strong enough to drive a price increase, according to an analysis by CryptoQuant contributor Burak Kesmeci. He explained that for the past six months, long-term holders consistently sold BTC near its price peaks. However, this trend halted and shifted to an accumulation phase after the price fell to the $62,000 to $68,000 range on Jan. 12. Since the beginning of the year, the average daily net accumulation by these holders has expanded to approximately 115 BTC, and selling pressure from this cohort appears to have virtually disappeared. Kesmeci noted that this pattern is similar to past "stagnation periods" that preceded large-scale volatility, suggesting that selling pressure from long-term holders is likely to remain limited for the time being.