Data: Bitcoin long-term holders increased their holdings by 262,000 BTC in August, and the market may break the downward trend of previous years in September

According to TechFlow, on September 1, the latest report from Spot On Chain, an on-chain data analysis platform, showed that although September is generally regarded as a weak month for Bitcoin, this year may break this trend. Data shows that long-term Bitcoin holders increased their holdings by 262,000 BTC in August, bringing their total holdings to 14.82 million, accounting for 75% of the total supply. At the same time, among the top 10 anonymous Bitcoin wallets, 7 wallets have not been active for more than two years, holding a total of 237,816 BTC, worth approximately US$14.04 billion, accounting for 1.2% of the circulating supply. In addition, major selling pressures such as the German government and Mt.Gox have been released in July and August, selling a total of 170,917 BTC. Analysts believe that these factors, coupled with potential demand for Bitcoin ETFs, may have a positive impact on the Bitcoin market in September.