Odaily Planet Daily News CryptoQuant, a crypto data analysis platform, has recently released a study showing that the number of short-term Bitcoin holders (holdings for no more than 155 days) has continued to decline since the end of May, indicating that demand is weakening. Julio Moreno, head of research at CryptoQuant, noted that this phenomenon means that demand for Bitcoin remains weak. In contrast, long-term holders appear to be taking the opportunity to accumulate. Moreno added that this dynamic could reverse if demand for Bitcoin grows again, causing short-term holders to buy from long-term holders. CryptoQuant contributor IT Tech believes that this dynamic could lead to medium-term price appreciation and market stability. Increased accumulation by long-term holders could lead to price stability and prepare for a potential market rebound, while selling by short-term holders could put downward pressure on Bitcoin prices in the short term. IT Tech said that the data showed that funds were clearly flowing from the weak group (short-term holders) to the strong group (long-term holders), indicating market stability.

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