“Short-term Bitcoin holders are selling at basically zero profit and traders are depleting their unrealized profits in the last few months,” CryptoQuant analysts shared in a Thursday report. “Bitcoin balances at OTC desks stabilizing, which suggests there is less Bitcoin supply coming into the market to sell via these entities.”
![Bitcoin Traders Expect Prices to Hit K Highs as Selling Pressure Eases Bitcoin Traders Expect Prices to Hit K Highs as Selling Pressure Eases](https://www.coindesk.com/resizer/QBFCzOXvOC39R8TW5DfqE00zOhQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3JWI3MG7X5FOFIPKSBOBZTMGXE.jpg)