According to WuSay, CryptoQuant analysts pointed out that the increase in BTC long-term holders has reached the fastest rate since April 2023. The latest market report shows that the monthly holding growth rate of BTC whales has reached 6.3%, indicating that the demand for BTC is rising. Although the confiscation of BTC by the German and US governments and the funds allocated by Mt. Gox have increased market supply, the demand of long-term holders has supported the BTC price. However, the report also pointed out that the lack of liquidity of stablecoins may delay the rebound of BTC prices, especially when the growth of USDT market value slows down.