#内容挖矿

BTC long-term holders showed a trend of reducing their holdings when the ETF was just passed. Of course, this reduction was largely due to the withdrawal of GBTC, and then the reduction of holdings by the German government, the US government and Mentougou, all of which were long-term holders. Even so, when the price of#BTCfell, there were still many long-term holders buying.

I did a statistics, and since July 28, long-term holders have increased their holdings by more than 1.56 million (1,560,567.41) BTC. Long-term holders are defined as holding BTC for more than 155 days without turnover, and as of now, the proportion of long-term holders is still expanding, which is why we need to pay more attention to the data.

Because according to the data, we can understand that gradually some circulating chips are no longer involved in circulation. As the number of BTC available for sale in the market decreases, the downward pressure on BTC prices will also decrease.

This is just the on-chain holdings data. If the ETF data is included, another 910,000 will be added. This is also the reason why the BTC price is relatively stable. Remember the dense chip support of $64,000 to $69,000 that we have been mentioning? The reason is the same.