Yes

>>Bitcoin investors who’ve held their coins for extended periods sold a substantial 295,000 Bitcoin over the past month, yet the market has remained stable due to ongoing demand.

Bitcoin investors who’ve held their coins for extended periods sold a substantial 295,000 Bitcoin over the past month, yet the market has remained stable due to ongoing demand.

crypthub

about 7 hours ago

Bitcoin's Current Market Position

Bitcoin is experiencing heightened volatility and uncertainty after a period of strong momentum, fluctuating near its all-time high of $126,000. Bulls and bears are currently battling for control, creating indecision in the market and challenging its near-term direction. Analysts are divided, with some anticipating a price breakthrough and others cautioning about a potential short-term correction. The market’s next move is heavily influenced by its ability to maintain support above the $120,000 level.

Long-Term Holder Activity

Onchain data indicates that long-term Bitcoin holders are beginning to take profits, a typical behavior seen during market inflection points. This distribution is a gradual shift of coins from experienced investors to newer participants, which can increase market volatility. While not extreme compared to previous peaks, this selling activity demonstrates profit realization and a potential rotation of supply. Institutional demand and ETF inflows are currently offsetting much of the selling pressure.

Future Outlook and Key Support Levels

Bitcoin is consolidating within a healthy range after a powerful rally, with the 50-period moving average acting as support. The $120,000 level remains critical; a break below it could trigger deeper retracements, while reclaiming $123,000-$124,000 would signal renewed bullish momentum. Analysts are closely monitoring BTC's ability to break above $125,000 and enter price discovery territory.