Bitcoin Long-Term Holders End Massive Selling Streak

Bitcoin's long-term holders have finally stopped selling after dumping over 260,000 BTC. This significant shift in behavior was highlighted by a report from Galaxy that showed Bitcoin is spending less time in capitulation, with drawdowns shrinking and recovery windows tightening.

Galaxy noted that this structural change could be a sign of increased market resilience and a potential turning point for the cryptocurrency's price action.

The latest data shows that Bitcoin's long-term holders have been selling less aggressively, which is a positive sign for the market. However, it's worth noting that the recent surge in Bitcoin ETF inflows has also contributed to the improved sentiment.