TechFlow reported on January 14 that according to cryptocurrency analyst Darkfost, the net position change of long-term holders (LTH) over the past 30 days remains negative, but the trend appears to be reversing. As Bitcoin's price has risen, the amount of Bitcoin potentially sold by LTHs over the past 30 days has improved from a low of -827k BTC to -246k BTC. This indicates a threefold reduction in selling pressure from this group of investors, and as Bitcoin’s price continues to decline, LTHs are becoming increasingly unwilling to sell at current price levels.
Although bullish momentum won't be confirmed until LTH net position changes return to an accumulation phase, this is still a positive signal for the market at present.
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