Long-Term Bitcoin Holders Slow Market Upside

Recent selling activity from long-term Bitcoin holders has significantly impacted the cryptocurrency’s price trajectory, limiting its potential for further growth. Since July, these holders have sold a substantial amount of BTC, totaling 325,600 BTC per month and exceeding even pre-existing supply levels. This increased supply is directly constraining Bitcoin’s ability to break through resistance above $126,000, resulting in decreased price volatility.