[Analysis: Bitcoin Price Hits Key Sell Zone, Long-Term Holders Slow Profit-Taking Pace] According to CoinDesk, on-chain data from Glassnode shows that Bitcoin has rebounded to the price range that hindered its rise late last year, and the profit-taking behavior of long-term holders has significantly slowed. These 'long-term holders,' who have held Bitcoin for more than five months, are currently selling approximately 12,800 BTC per week to take profits, a pace far lower than the weekly sell-off of over 100,000 BTC when prices exceeded $100,000 last year. Analysis indicates that this slowdown has reduced resistance to the price rebound, but this price range has suppressed upward momentum multiple times in recent months. Any broader trend reversal would first require digesting the sell-off from long-term holders. Meanwhile, escalating geopolitical tensions could heighten market risk-aversion sentiment, posing downside risks to Bitcoin's price.