Bitcoin (BTC) has been trading within a narrow range of $100,000 to $110,000 since May, providing limited insights into its potential future movements. This stagnant price behavior may be disheartening for traders; however, on-chain metrics indicate that there could be significant activity occurring beneath the surface.
Recent analysis from CryptoQuant contributor Yonsei_dent highlights that long-term Bitcoin holders are beginning to sell their assets. This trend may have implications for the market as it reflects shifting sentiments among seasoned investors.
