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The analyst said that during the recent BTC pullback, short-term holders transferred significantly more to exchanges than long-term holders,October 15 with the volume 8 lower than on
On-chain data show that Bitcoin long-term holders have an average cost basis of approximately 48,600 USD, with the current price approximately 72%higher, while the cost basis has declined moderately recently.
BlockBeats cited analyst Darkfost as saying that BTC long-term holders'SOPR weekly and monthly averages are both above the annual average, and that long-term holders have returned to profitability. The analyst viewed this as a sign of improving market conditions.
Analyst Murphy said that October 7 to 8 long-term holders transferred approximately 32000 BTC, of which approximately 14800 may constitute potential selling pressure.
BlockBeats, citing Bitfinex, said that BTC since 87000 USD, Bitcoin held for at least 6 months has scarcely been transferred to exchanges; recent exchange inflows have mainly come from tokens moved within 1 weeks.
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.
Glassnode data show that in this cycle,BTC long-term holders’MVRV low remained above 1, and is now rising again, unlike in previous bear markets since 2015 years ago.
CryptoQuant analyst Zizcrypto said that 6 months to 10 years of BTC long-term holders MVRV had risen back to approximately 1.35, above the break-even line, returning to an overall state of unrealized profit.
Crypto analyst Darkfost said that activity related to Bitcoin long-term holders is cooling, while average daily exchange inflows remain below the annual average.
CryptoQuant analyst Darkfost said that Bitcoin long-term holders’ current realized profits are approximately 72%, significantly below the interim high of 2024 year December which approached 350%.
A CryptoQuant analyst said that Bitcoin long-term holders' holdings have declined for consecutive 5 weeks, but selling over the past 30 days has decreased from 105900 coins to 21700 coins.