Bitcoin Long-Term Holders Ease Selling in Late 2025 as Cycle Charts Map Possible Path Into 2026

CryptoQuant data shared by Merlijn The Trader indicates long-term Bitcoin holders have largely stopped net selling for the first time since July 2025, easing one source of supply pressure after months of distribution. A separate BTC USDT cycle comparison posted by Vivek Sen highlights a sideways consolidation near support in November 2025 that he argues could precede a move toward $280,000 if the structure holds.