BTC high-level holders' selling pressure weakens, market still needs new buying to drive

Analyst IT Tech pointed out that in the past 30 days, only 4.4% of BTC held for 6-12 months flowed into the exchange, far lower than the 40.4% in mid June. The monthly movement volume remained between 143700 and 216500 BTC, but the proportion flowing to the exchange decreased from 40.4% in mid June to 4.4% in mid October. High end buyers have basically stopped selling, reducing the resistance to price increases, but there is currently no significant new buying in the market.