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%。
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.
