Bitcoin Selling by Early Holders Falls as Price Breaks Key Resistance

The evidence provided strongly and consistently supports the statement. The most authoritative source, a primary on-chain report from Glassnode, directly examines and affirms that long-term holders are easing their selling pressure as Bitcoin's price enters a significant resistance area. This finding is corroborated by multiple high-authority news outlets, including CoinDesk, Yahoo Finance, and Cryptorank, all of which specifically report on this Glassnode data, confirming that long-term holders are reducing their profit-taking. Another source further supports this by noting that large Bitcoin holders (whales) have slowed their selling.There is no conflicting evidence among the relevant sources. The remaining sources were dismissed due to irrelevance, as they focused on other cryptocurrencies (Ethereum, XRP, Onyxcoin), general price drops without discussing holder behavior, or different market conditions (identifying a market bottom rather than behavior at a resistance level). The convergence of a primary data source with multiple reputable secondary reports provides a high degree of confidence in the statement's accuracy.