CryptoQuant: Long-term holders sold 295,000 BTC within 30 days, much less than the 800,000 on May 12, 2024
ChainCatcher reported that CryptoQuant analyst Axel Adler Jr stated that in the past 30 days, long-term holders have sold a total of 295,000 BTC, averaging about 9,800 BTC per day.
Although this selling volume is relatively high, it is not extreme compared to the peaks in May and December 2024 (800,000 BTC). The analysis points out that as long as market demand for BTC can absorb this selling pressure, the current capital flow remains consistent with a bullish trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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