When looking at the amount of supply held by long-term Bitcoin investors, heavy selling pressure is no longer observed. Market reversal signals, although weak, have begun to become more apparent. The supply movement marked within the red box on the chart is not a massive wave of selling as many people have predicted. Instead, it reflects a more nuanced structure of market dynamics. Similar patterns have been observed in previous periods, and such decreases in supply have generally been a sign of consolidation. When examining the relevant data, it is understood that the attitude change among long-term holders remains at a minimum level. For market participants, this indicator can be seen as proof that the fundamentals are solid.