Anthony Pompliano, the CEO of Professional Capital Management, reported that selling pressure on Bitcoin (BTC) appears to be diminishing, supported by data from Binance Research. He highlighted that nearly 60% of Bitcoin has not moved in a year, a significant increase from 27% in 2012, suggesting a growing long-term holder conviction. Additionally, the short-to-long-term realized value ratio is currently at a historical low, indicating that long-term investors are accumulating rather than selling. Pompliano also noted a decline in Bitcoin balances on exchanges, which have fallen from 17.6% during the COVID-19 pandemic to 15% now, implying less future selling. Despite these indicators, Bitcoin's price fell below $70,000, trading at $69,929.85, down 4.29% in the last 24 hours. This decline has been attributed to concerns surrounding the stability of the U.S.-Iran ceasefire and the recent selling of $2.5 million worth of BTC by Strategy Inc., which had previously been a major buyer.