The latest news from ChainCatcher shows that according to IntoTheBlock data, the holdings of long-term Bitcoin holders have dropped to 12.45 million, a new low since July 2022. It is worth noting that the reduction in long-term holders in this cycle is only 9.8%, which is significantly narrower than the 15% in the 2021 bull market cycle and 26% in the 2017 bull market cycle. This trend shows that despite market fluctuations, long-term holders seem to have increased their confidence in Bitcoin and their holding strategies have become more stable. This data provides market participants with a new perspective to help understand current market dynamics.