Glassnode: Market Gradually Absorbing Sell Pressure from Long-Term Bitcoin Holders

BlockBeats News, January 12th, Glassnode posted data on social media today indicating that the current sell-off velocity of long-term Bitcoin holders has somewhat slowed down. Net outflows have retreated from extreme levels, suggesting that the market is gradually absorbing supply from long-term holders, and a significant portion of the overhead supply pressure may have been mostly absorbed.