Bitcoin Supply is Rapidly Decreasing: Selling Pressure is Increasing

In recent days, profit-taking among Bitcoin investors has rapidly increased, while market supply is significantly declining. The decrease in the number of investors categorized as long-term Bitcoin (BTC) holders stands out as a notable situation in the markets.

According to data from the on-chain analytics platform Glassnode, the Bitcoin supply held by long-term investors is rapidly decreasing. This decline creates a sharp negative momentum in net position changes, with investors seen taking profit by selling at high price levels.

Specifically, the 100 thousand dollar band has become a critical defense line determined by the bulls. However, the sales made by the long-term investor group are among the factors that could make it difficult for the price to remain stable at this critical level.

Historically, periods of intense selling by long-term investors are often associated with peak formations or high volatility. This suggests that the current selling pressure could have a significant impact on market balance.

Although profit-taking by long-term investors may increase short-term downward pressure, it can also herald periods when new buyers enter the market. Therefore, whether these sales will continue plays a critical role in determining the overall trend of Bitcoin prices.

Investors should closely monitor these developments in the Bitcoin market and particularly consider that the 100 thousand dollar level could be a breaking point. As profit sales continue, deeply analyzing their effects on market dynamics will be an important step for investment decisions.