Analyst says selling pressure from late buyers BTC has eased significantly
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AT A GLANCE
Analyst IT Tech said that the 6—12-month holders'BTC proportion flowing into exchanges declined, indicating weaker selling pressure, but new buying remains unobvious.
Article
Analyst: Selling pressure from late buyers has eased significantly BTC from late buyers has eased significantly
PANews October 17 reported that analyst IT Tech stated that over the past 30 days, among 6-12-month holders of BTC, only 4.4%flowed into exchanges, while in mid-June the proportion reached as high as 40.4%These BTC mainly came from holders who bought near or after the 2025 top. Monthly moving volume remained between 143700 and 216500 BTC, but the proportion flowing to exchanges continued to decline sharply:June Mid-40.4%July Mid-30.9%August Mid-9.8%September Mid-3.7%October Mid-4.4%The analysis indicates that late buyers have largely stopped selling, reducing resistance to price gains. However, the market still needs new buying to drive an advance, and new buying has not yet become apparent.
Over the past 30 days, among holders with a holding period of 6—12 months,BTC flowed into exchanges. 4.4%
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The report listed the proportions flowing into exchanges as follows:June mid-month 40.4%、July mid-month 30.9%、August mid-month 9.8%、September mid-month 3.7%、October mid-month 4.4%。
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The relevant BTC monthly moving volume remained between 143700 and 216500 units.
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The analyst said these BTC mainly came from holders who bought near or after the 2025 top.
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The analysis indicates that late buyers have largely stopped selling, but new buying has not yet become apparent.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Exchange inflows are often used to observe potential willingness to sell. The analysis stated that the proportion of the specified holder group transferred to exchanges was BTC significantly lower than in mid-June, and therefore concluded that selling pressure from this group had eased; however, reduced selling pressure does not mean that prices will necessarily rise, as buying capital is still needed to drive gains.
Why it matters to readers
If this metric remains low, potential selling pressure from this group of holders may be limited; however, the report explicitly states that new buying is not yet apparent, so the momentum for further price gains remains uncertain.
Beginners can understand it as “there may be fewer people who want to sell, but there has not yet been a clear increase in people who want to buy.” A single on-chain metric cannot by itself prove that BTC will rise.
Risks and unknowns
The original text did not provide the underlying on-chain data source, calculation method, or the complete definition of “proportion flowing into exchanges.”
“These BTC mainly came from holders who bought near or after the 2025 top” is an analyst judgment; the original text did not show the verification process.
It cannot be confirmed whether reduced exchange inflows will lead to price gains.
Whether new buying emerges later and whether this proportion can remain low are still unknown.
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BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
