Analysis: Bitcoin price hits a key sell zone, long-term holders slow down profit-taking.

CoinVoice has learned that, according to CoinDesk, on-chain data from Glassnode shows that Bitcoin has rebounded to the price range that previously hindered its upward movement at the end of last year. The profit-taking behavior of long-term holders has significantly slowed down. These “long-term holders” who have held Bitcoin for over five months are currently selling approximately 12,800 BTC per week to realize profits, a pace much lower than the over 100,000 BTC weekly sell-off when prices were above $100,000 last year. Analysis indicates that this slowdown has eased some resistance to the price rebound, but this price zone has repeatedly suppressed upward momentum over the past few months. Any broader trend reversal will still need to first absorb the selling pressure from long-term holders. Meanwhile, escalating geopolitical tensions could lead to increased market risk aversion, posing downside risks to Bitcoin prices.