Bitcoin price enters the historical selling pressure zone, and long-term holders' profit-taking has significantly cooled down

BTC0,93%

On January 15, news, Bitcoin prices have recently rebounded, returning to the key selling zone that has repeatedly suppressed gains since the end of last year. The latest analysis from on-chain data provider Glassnode shows that compared to the high-level phase in 2025, the pace of profit-taking by long-term holders has significantly slowed, providing some room for Bitcoin prices to continue rising.

Glassnode defines wallets holding coins for more than five months as long-term holders. Data indicates that when Bitcoin prices in 2025 are well above $100,000, this group realizes profits of over 1 million BTC weekly; whereas in the current phase, weekly profit-taking has decreased to about 12,800 BTC, significantly reducing selling pressure. Glassnode points out that profit-taking still exists but has weakened considerably compared to the previous concentrated distribution phase.

Over the past two weeks, Bitcoin has risen approximately 10%, with prices re-entering the historically dense supply zone between $93,000 and $110,000. On-chain records show that since November last year, multiple rebound attempts have been blocked at the lower boundary of this zone, with new sell orders continuously appearing, limiting the formation of a trend reversal.

Analysis suggests that the slowdown in long-term holder selling helps the market gradually digest historical selling pressure, creating conditions for Bitcoin to test the $100,000 mark. However, Glassnode also emphasizes that only when the supply within this price range is effectively absorbed can the market potentially see a more sustained structural reversal.

It is important to note that macro risks remain a potential variable. If tensions in the Middle East escalate further, risk aversion sentiment could rise, potentially exerting short-term pressure on risk assets including Bitcoin. For traders, changes in trading volume and on-chain distribution within key sell zones remain important signals for judging subsequent directions.

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