PANews reported on January 15th that, according to CoinDesk, Glassnode's on-chain data shows that Bitcoin has rebounded to the price range that hindered its rise at the end of last year, and profit-taking by long-term holders has slowed significantly. These "long-term holders" who have held Bitcoin for more than five months are currently selling approximately 12,800 BTC per week to lock in profits, a rate far lower than the more than 100,000 BTC sold per week when the price was above $100,000 last year.

Analysts point out that this slowdown has eased resistance to a price rebound, but this price range has repeatedly suppressed gains in recent months, and any broader trend reversal will first require digesting selling pressure from long-term holders. Meanwhile, escalating geopolitical tensions could lead to increased risk aversion in the market, posing a downside risk to Bitcoin prices.