BTC long-term holder selling pressure slows in positive signal

Selling pressure from long-term Bitcoin holders who have held their assets for over five years has decreased to its lowest level in approximately two years, according to an analysis by CryptoQuant reported by CoinDesk. The 90-day moving average of these investors' BTC spent output is now 962 BTC, the lowest since November 2024. CryptoQuant explained that this indicates long-term holders are choosing to hold rather than sell, which is contributing to an easing of market selling pressure. The firm added that the $63,000 level for BTC is effectively serving as the break-even point for these holders, and that the slowdown in their selling could be interpreted as a signal of a market bottom.