TechFlow news: On January 10, Kong Jianping, founder of Nano Labs, posted on social media saying, "In 2025, Bitcoin experienced the most intense long-term holder sell-off in history. 1.14 million BTC were sold within 30 days, putting nearly $300 billion worth of Bitcoin back into circulation.
On-chain data shows selling pressure is weakening, and after the long-term/short-term holder supply ratio dropped to -0.53, the market entered a bottoming phase.
Consolidation may continue through Q1-Q2, with any real sustained upward movement likely not emerging until Q3."
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