BTC long-term holder selling pressure eases, says Glassnode

Selling pressure from Bitcoin's long-term holders is slowing down, according to an analysis by Glassnode. The on-chain analytics firm stated that the volume of net outflows from these holders is gradually decreasing. Glassnode interprets this as a sign that the market is absorbing the supply held by long-term investors, leading to an easing of sell-side pressure.