Bitcoin, Even amid mid- to long-term selling, demand remains solid... High possibility of rise in July

Bitcoin (BTC) is maintaining its price stably despite the selling pressure from mid- to long-term holders, suggesting a bullish market in July, according to an analysis. Cointelegraph, citing on-chain analysis firm Glassnode data, reported, "Long-term investors who have held for over 3-10 years are realizing profits."

In particular, 3-5 year holders have sold BTC worth approximately $849 million, and 7-10 year holders have realized profits by selling about $485 million worth of BTC. However, despite this scale of selling, BTC's price has not been significantly shaken.

Experts view this trend not as a simple selling spree but as a positive signal indicating that the selling volume is being absorbed by the inflow of new funds. In fact, the market assesses that new buyers are forming a solid foundation for an upward trend by absorbing the sell-off from long-term holders.

Based on this analysis, there is growing expectation that BTC could transition into a full-scale upward trend in July. With the mid- to long-term adjustment coming to an end and demand remaining strong, the outlook is favorable for further upward momentum.