Binance Research says four on-chain indicators show weakening BTC sell pressure

Binance Research has analyzed four on-chain indicators suggesting that selling pressure on Bitcoin is weakening. The firm pointed to several factors: - Over 60% of addresses have held BTC for more than one year. - Long-term holders are dominating the market. - The supply of BTC on exchanges is decreasing. - Short-term holders have moved out of unprofitable positions. The analysis notes that the amount of dormant supply is at an all-time high, speculative short-term traders have largely exited the market, and a recent partial price recovery has allowed short-term holders to return to profitability, alleviating sell-side pressure. Binance Research added that these indicators suggest a low probability of new selling pressure emerging, concluding that the current market phase exhibits a typical pattern often seen before a sustained rebound.