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      Analyst: Selling pressure from BTC bought at high levels has significantly weakened

      PANews reported on October 17 that analyst IT Tech pointed out that over the past 30 days, only 4.4% of BTC held for 6-12 months flowed into exchanges, compared with a high of 40.4% in mid-June. These BTC mainly come from holders who bought near or after the 2025 top. Monthly movement remains between 143,700 and 216,500 BTC, but the proportion flowing to exchanges has continued to decline sharply:

      • Mid-June: 40.4%
      • Mid-July: 30.9%
      • Mid-August: 9.8%
      • Mid-September: 3.7%
      • Mid-October: 4.4%

      The analysis suggests that high-level buyers have largely stopped selling, which reduces resistance to price increases. However, the market still needs new buying to drive gains, and new buying has not yet clearly emerged.


      Source: PANews
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