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📉 Is Bitcoin Selling Pressure Starting to Fade?
1️⃣ Long-term Bitcoin holders are selling at the slowest pace in nearly 2 years New data shows that investors who have held BTC for more than 5 years are significantly slowing down their selling activity.
📊 The 90-day average amount of BTC moved out of wallets by this group has now dropped below 1,000 BTC for the first time since November 2024.
According to Crypto Quant, one reason is that many OG investors accumulated heavily near the ~$63K top back in 2021 — almost the same price area Bitcoin is trading around today.
⚠️ As a result, many long-term holders appear more willing to keep holding rather than aggressively taking profits here.
2️⃣ Spot Bitcoin ETF outflows are also slowing sharply in June
📉 BTC Spot ETF flows:
• Week 1 (Jun 1–6): -$1.72B
• Week 2 (Jun 8–12): -$315.8M
• Week 3 (Jun 15–18): -$226.8M
📌 While ETF flows remain negative overall, the pace of outflows is clearly cooling down— a possible early sign that panic selling pressure may be weakening.
⚡ The market is now watching whether Bitcoin can stabilize around the $62K–$63K zone and build a stronger recovery base from here.
#daily/ $BTC