The selling pressure from early Bitcoin holders is clearly easing. The latest data shows that long-term investors holding for more than 5 years are becoming less active in trading, and large sell-offs are becoming less common. Market analysts have noticed that these seasoned holders are shifting from a previous strategy of dispersed distribution to holding for the long term, no longer rushing to sell. This shift reflects an interesting signal in the crypto asset market: the true whale players seem to be gaining confidence in the current market, and their holding decisions are reshaping Bitcoin's circulation expectations. This is a significant relief for the supply-side pressure on BTC.