CryptoQuant: Long-term holders sold 295,000 BTC in 30 days, far less than the 800,000 on May 12, 2024

ChainCatcher news, 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 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 the market demand for BTC can absorb this selling pressure, the current capital flow remains consistent with a bullish trend.