Bitcoin Long-Term Holders Sell Into Rally for 7th Straight Week: Analyst

The key signal here is not the selling itself but the market's ability to keep absorbing it while price rises — a sign of genuine new demand rather than a rally running on thin liquidity. The comparison to late 2025 matters because it frames the current distribution as orderly so far, not a rush for the exits. The open question is what happens if long-term holder reductions scale up toward that prior magnitude while price momentum flattens; that combination, not the weekly selling streak alone, is what would test whether absorption capacity is holding.