According to on-chain analysts, there has been a noticeable decline in selling pressure from short-term investors. CryptoQuant data reveals that short-term Bitcoin investors are now selling with minimal profit, as they have been gradually depleting their unrealized gains in the past few months. Furthermore, the amount of Bitcoin held on over-the-counter (OTC) desks is stabilizing, suggesting a reduction in the supply of Bitcoin being introduced into the market through these channels. It is important to note that CryptoQuant categorizes short-term investors as individuals who hold Bitcoin for less than 155 days and usually take advantage of short-term price fluctuations.
