[Analyst: Selling Pressure from High-Level BTC Buyers Has Significantly Weakened] Analyst IT Tech stated in an article that over the past 30 days, only 4.4% of BTC held for 6-12 months flowed into exchanges, compared to 40.4% in mid-June. These BTC primarily come from holders who purchased near or after the peak in 2025. Monthly movement remains between 143,700 and 216,500 BTC, but the proportion flowing into exchanges has continued to decline significantly: Mid-June: 40.4% Mid-July: 30.9% Mid-August: 9.8% Mid-September: 3.7% Mid-October: 4.4% The analysis suggests that high-level buyers have largely stopped selling, reducing resistance to price increases. However, the market still requires new buying momentum to drive growth, and currently, such new buying has not yet become evident.