Bitcoin’s price has been slowly recovering after recent declines, and it has been trading cautiously over the past few days. The rebound has been modest, but the underlying data suggest potential challenges ahead. A decline in illiquid supply — long-term holdings that rarely move — may hinder Bitcoin’s ability to sustain its upward trajectory. Bitcoin Holders Are Offloading Illiquid Bitcoin supply has started to decline again, with approximately 62,000 BTC moving out of inactive wallets since mid-October
source: https://beincrypto.com/bitcoin-price-rise-delayed-as-illiquid-supply-drops/