ChainCatcher Message Display, CryptoQuant's latest data reveals a compelling market dynamic: long-term holders have sold 728,000 bitcoins in the past 30 days, the highest level since April this year. Firstly, this selling behavior may reflect different expectations among market participants regarding future price trends. Secondly, this phenomenon may impact market liquidity, which in turn affects price volatility. Finally, investors should closely monitor changes in on-chain data to better understand market sentiment and potential price trends.