Cryptocurrency analysts: The number of bitcoins held by long-term holders has decreased for 5 consecutive weeks, but the selling pressure is gradually weakening

Cryptocurrency analyst @AxelAdlerJr posted that after August 19, the number of bitcoins held by long-term holders has decreased for 5 consecutive weeks, but the pace of reduction in the last 30 days has significantly slowed from 105,900 BTC on August 30 to 21,700 BTC on September 20 (nearly five times slower).

In addition, the amount of bitcoins held by long-term holders decreased by 47,800 BTC last week. LTH SOPR data shows that most of them were sold at a loss.