Bitcoin's long-term holders have shifted to net buyers, indicating the end of the largest sell-off since 2019, according to BitJie data. VanEck's Matthew Sigel noted a significant 30-day change in holdings for wallets with Bitcoin held over 155 days, as chart colors transitioned from red to blue. CoinGecko reported a brief Bitcoin price surge to $89,201 earlier today. This shift suggests that long-term holders, who typically buy during market panic, are now easing downward pressure on Bitcoin. This could lead to market consolidation, potentially benefiting altcoins if Bitcoin stabilizes. Despite a 5.19% year-to-date decline, historical trends suggest Bitcoin often rebounds after end-of-year downturns.