Recently, an interesting signal has appeared in the Bitcoin market—long-term holders who have held at least 155 days are finally showing signs of accumulation after pausing their continuous sell-off from July to December.

From on-chain data, according to CryptoQuant's tracking, the total holdings of these veteran investors shrank from 14.8 million BTC in mid-July to 14.3 million BTC in December. Although the change seems small, the key point is—this distribution pressure has finally stopped. The persistent selling over the past few months has been weighing down the price, but now this situation has changed.

Meanwhile, there are also interesting movements on the Ethereum side. Observations show that large ETH holders have been buying over 100,000 ETH in recent days. What does this kind of "smart money" positioning usually indicate? They are preparing for a possible rebound.

From multiple perspectives, this is a positive technical signal—selling pressure has eased—and a bullish capital flow signal—large holders are building positions. These are good signs for a potential relief rally in the market.