Bitcoin Long-Term Holders Sell as BTC Tests $80K Support

Bitcoin long-term holder supply has fallen by 300,000 BTC since August, with its 30-day average change reaching minus 195,000 BTC. BTC trades near $80,535 as RSI remains below 50 and MACD stays negative, reflecting weak momentum and continued selling pressure. Bitcoin faces support at $80,000 and $79,000, while reclaiming $82,000 could open a recovery toward 83,000–84,000. Bitcoin is approaching $80,000 as long-term holders reduce their holdings, adding selling pressure to an already weakening market. Analyst Darkfost reported that long-term holder supply has fallen by 300,000 BTC since August, while its 30-day average change stands at minus 195,000 BTC.

Source: Crypto Front News