The holdings of long-term Bitcoin holders have dropped to 12.45 million, hitting a new low since July 2022

According to IntoTheBlock data, the current holdings of long-term Bitcoin holders have dropped to 12.45 million coins, hitting a new low since July 2022. The data shows that in this cycle, the reduction in holdings by long-term holders is only 9.8%, significantly narrower than the 15% during the bull market cycle of 2021 and 26% during the bull market cycle of 2017.