According to @glassnode, distribution pressure is easing across key holder cohorts after weeks of heavy spending, indicating selling activity is moderating across several groups, source: @glassnode on X on Nov 17, 2025, https://glassno.de/4i5Sr7I. According to @glassnode, this moderation suggests the most aggressive supply may be starting to fade while BTC trades approximately 25 percent below recent highs, source: @glassnode on X on Nov 17, 2025, https://glassno.de/4i5Sr7I.