Long-term holders of Bitcoin have been selling off approximately 810,000 BTC in recent months, contributing to a decrease in their total holdings. This selling activity has significantly impacted the upward momentum of Bitcoin’s price. Since July 1st, the asset has struggled to maintain significant gains, partly due to the actions of long-term holders. 15.5 million BTC was traded by these investors before sales began, but now that number stands at 14.6 million BTC. This shift in behavior is contributing to Bitcoin’s limited price growth potential. While buyers are driving demand, the pressure from LTH selling remains a significant constraint on further upside. As long-term holders continue to take profits after price increases, Bitcoin may remain stagnant until a strong influx of new buyers emerges. 2025 has brought challenges for Bitcoin as it struggles to break through resistance due to this pattern. A surge in new demand could overcome the current selling pressure or, another major event could disrupt this trend. For Bitcoin to gain further momentum, either LTH selling needs to be halted or a surge of new buyers enters the market. Upcoming macro events, institutional interest, or even ETF flows could play a critical role in shifting the market dynamics.