Analysts Say Selling Pressure on BTC at High Levels Significantly Weakens

Analyst IT Tech pointed out that in the past 30 days, only 4.4% of BTC held for 6-12 months flowed into exchanges, a significant decrease from 40.4% in mid-June. These BTC mainly come from holders who bought near or after the peak in 2025. The monthly moving volume remains between 143,700 and 216,500 BTC, but the proportion flowing to exchanges continues to decline: 40.4% in mid-June, 30.9% in mid-July, 9.8% in mid-August, 3.7% in mid-September, and 4.4% in mid-October. Analysts believe that high-level buyers have basically stopped selling, reducing the resistance to price increases, but the market still needs new buying pressure to push prices up, which has not yet clearly emerged.

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