The massive sell-off of Bitcoin may be coming to an end: Will BTC recover now?

The selling pressure from long-term holders has eased, and the transfer volume has returned to the levels seen at the start of the bull market.

Bitcoin presents a buying opportunity, but the downward trend has not yet ended.

The sell-off may have concluded, with BTC token transfer volumes similar to levels seen in 2023.

Since Friday, Bitcoin [BTC] has dropped nearly 5%, dragging the Fear and Greed Index lower. Short-term holders face losses, while long-term holders are more willing to accumulate.

This may not trigger an immediate recovery, but a rebound may be brewing.

The stablecoin ratio channel suggests buying opportunities for BTC and altcoins. The increase in stablecoin supply indicates rising liquidity, which often occurs during bear market phases. The market is cyclical, and bullish volatility will occur — the question is when.