Bitcoin long-term holders reduce their holdings for 5 consecutive weeks; the pace of reduction over the past 30 days has slowed significantly
BIBIBI
AT A GLANCE
Analyst: the Bitcoin long-term holder group has reduced its holdings for 5 consecutive weeks, but the pace of reduction over the past 30 days has slowed significantly.
Article
8.19 The number of held by the post-Bitcoin long-term holder group has declined consecutively 5 weeks, but selling pressure is gradually weakening
BlockBeats reported that September 21, crypto analyst @AxelAdlerJr stated in a post that 8.19 the number of held by the post-Bitcoin long-term holder group has declined for 5 consecutive weeks, but over the past 30 days, the rate of reduction has slowed sharply from August 30’s 105900 to BTC’s September 20(nearly fivefold).
In addition, Bitcoin long-term holders reduced their holdings by 21700 last week.BTC shows that most of it was sold at a loss.
Original link 47800 BTC。LTH SOPR data shows that most of them were sold at a loss.
Original link https://m.theblockbeats.info/flash/368199
Key points
01
BlockBeats said the news was published on September 21。
02
Crypto analyst @AxelAdlerJr stated that 8.19 the number of held by the post-Bitcoin long-term holder group has declined for 5 consecutive weeks.
03
@AxelAdlerJr stated that the rate of reduction over the past 30 days slowed from August 30’s 105900 BTC to September 20’s 21700 BTC。
04
The original text states that Bitcoin long-term holders reduced their holdings by 47800 BTC。
05
The original text states that LTH SOPR data shows that most of these were sold at a loss.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The long-term holder group is still reducing its holdings, but the recent 30-day reduction data given in the text is lower than before, meaning that the pace of reduction is slowing.LTH SOPR is used to describe whether long-term holders were in profit when selling; the original text states that most sales were made at a loss.
Why it matters to readers
These data reflect changes in long-term holders’ holdings and selling status, and can be used to observe whether the group’s selling activity is continuing and whether its pace is changing.
Beginners can understand it this way: long-term holders are still selling, but the reduction rate described in the text has decreased; this single data point cannot independently indicate how the price of will move next.
Risks and unknowns
The original text does not specify the precise definition of “long-term holders.”
The original text does not explain the sources or calculation methods for holdings and LTH SOPR data, nor does it provide the complete sample.
The statistical definitions used for “reduced by 47800 BTC last week” and “the reduction rate over the past 30 days was 21700 BTC” are not specified.
The relevant assessment comes from a post by @AxelAdlerJr; the original text provides no independent verification.
These data alone cannot confirm future price trends or overall market selling pressure.
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BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
