Big Bitcoin Holders Are Selling, But Few Buyers Are Stepping In As Demand Weakens

Bitcoin’s price has struggled to maintain stability above $102,000 in recent days, and data shows this is due to an apparent imbalance between selling pressure and fresh demand. On-chain data from CryptoQuant reveals that while long-term holders have been actively taking profits, the market is showing limited capacity to absorb their sell-offs. This is a contrast to previous phases of the bull run, where rising demand was able to offset increased long-term holder activity. Related Reading: XRP’s Price Doesn’t Match Its Growing Real-World Use, Study Finds Rising Long-Term Holder Selling Pressure Mirrors Past Bull Cycles Data from on-chain analytics platform CryptoQuant, which was initially shared by Julio Moreno, head of research at CryptoQuant, shows an interesting change in dynamics among Bitcoin holder activity that could shape the cryptocurrency’s next move source: https://www.newsbtc.com/news/bitcoin/big-bitcoin-holders-are-selling-but-few-buyers-are-stepping-in-as-demand-weakens/