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BlockBeats, citing CryptoQuant analyst Darkfost, reported that after excluding more than 10 years without movement of BTC, since August the proportion of BTC supply in profit has been approximately 60%。
Analyst Axel Adler Jr. said that Bitcoin long-term holders have reduced their holdings for consecutive 7 weeks, but the price continues to rise, with demand temporarily absorbing the additional supply. He cautioned that if selling expands and the price stops rising or turns downward, the market’s absorption capacity may weaken.
Axel Adler said that Bitcoin long-term holders have reduced their holdings for 7 consecutive weeks as the price rises, but new demand is currently still able to absorb the supply released. He believes that if selling expands while the price stops rising, it may indicate weakening market absorption capacity.
Bitfinex stated that BTC if it breaks through 86000 USD, overhead supply may decline significantly; over the past 7 trading days, spot ETF recorded net inflows of approximately 2980000000 USD。