Analysts: Bitcoin long-term holders still occasionally exert selling pressure, but overall selling pressure has fallen to a ten-year low.

CoinFeed reported on June 14th that analyst Darkfost, in an article published on the X platform, stated that the on-chain behavior of long-term Bitcoin holders (holding Bitcoin for more than 6 months) still exhibits characteristics of "high-intensity selling in stages" when transferring BTC to exchanges. This is typically manifested as daily inflows significantly higher than the annual average (up to five times the average). In the short term, the continued transfer of BTC from long-term Bitcoin holders to exchanges indicates that selling pressure persists and, in most cases, corresponds to actual selling activity. However, looking at the long-term trend, the annual average inflow of LTH (Long-Term Holders) to exchanges is steadily declining, suggesting that this group is generally more inclined to hold for the long term, and the market selling pressure structure is gradually smoothing out.