TechFlow news, January 22 — According to CoinDesk, Glassnode research data shows that the selling wave from long-term Bitcoin holders (investors holding for more than 155 days) appears to have ended. This strategic shift has helped turn Bitcoin's psychological level of $100,000 into a support level.
The data indicates that these long-term holders, often seen as "smart money," have reduced their holdings from 14.2 million BTC in September last year to the current 13.1 million BTC.
Although these investors were relatively cautious at the beginning of the year, they have recently resumed selling at a slower pace amid rising prices.
CoinDesk notes that when long-term holders stop selling, it often signals a market cycle peak—a pattern previously observed in 2013, 2017, 2021, and 2024.
