CryptoQuant: Bitcoin Long-Term Holders Profit Taken Reached a Bottom Lower Than Before, Accumulation Trend Dominates Market
BlockBeats News, August 15th, CryptoQuant analyst Axel Adler Jr posted a message stating that the cumulative distribution of long-term holders holding Bitcoin for six months to two years shows that the supply they occupy has increased from 3.551 million BTC in April (when the Bitcoin price was $83,000) to the current 5.191 million BTC, a growth of 1.64 million BTC. During the ATH test at $118,000, there was a moderate profit-taking, and the 7-day average outflow of long-term holders rose to 20,000 BTC, significantly lower than the past typical outflow peaks (40,000 to 70,000 BTC). Overall, this indicates that in the current market, the Bitcoin accumulation trend is more dominant compared to profit distribution.
You may also like
Gainers
Latest Crypto News
Circle minted 1 billion USDC on the Solana network in the past 24 hours
A whale address bought 25.56 million ENA tokens in the past 4 days and still holds 5.78 million USDT to continue buying.
Crypto Fear & Greed Index Rises to 28, Exiting "Extreme Fear" Zone
A whale address has deposited 2 million U into HyperLiquid to leverage 5x long on SOL
Current mainstream CEX, DEX funding rate display shows that the market is still in a strong bearish sentiment.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com