Net increase of approximately 33,000 BTC held by long-term holders

During the current adjustment period, long-term holders have sold more than 1 million BTC, marking the largest selling pressure event from this group since 2019. Recently, the 30-day net position change of long-term holders has turned positive, with a cumulative increase of approximately 33,000 BTC, while new buyers are gradually becoming long-term holders. This is the third large-scale sell-off by long-term holders in this cycle, with the previous two occurring in March and November 2024.