Analysts predict a bullish July for Bitcoin (BTC) as market demand effectively absorbs selling pressure from mid- to long-term holders. Recent data from Glassnode, highlighted by Coin Telegraph, reveals significant profit-taking. Holders of Bitcoin for 3-5 years have reportedly cashed out approximately $849 million, while those holding for 7-10 years have sold off around $485 million. Despite this substantial selling activity from these established holders, the price of Bitcoin has remained relatively stable. This price stability indicates a healthy market dynamic where new investors and increased demand are readily absorbing the available supply. Experts interpret this absorption as a sign of underlying strength, suggesting a positive outlook for Bitcoin's price performance in July and potentially beyond. Increased institutional interest and positive regulatory developments could further bolster this bullish sentiment. ```

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