Recent on-chain data shows that the selling pressure from long-term holders is clearly decreasing. Three months ago, they could sell about 6,000 to 17,000 coins daily; now, that has narrowed to the 2,000 to 4,000 range, indicating that the strength of the selling pressure is weakening.

This suggests one thing: fewer and fewer people are willing to give up their holdings at the current level. Historically, the true bottom is often not caused by frantic buying, but by a lack of sellers. When long-term holders stop continuously selling, the market's passive selling pressure will significantly ease.
If this trend continues, with supply shrinking over time and space being gained, the bottom of this bear market is likely not far away. $BTC