ChainCatcher message, the latest research from the crypto data analysis platform CryptoQuant shows that since the end of May, the number of short-term Bitcoin holders (those holding for no more than 155 days) has been continuously declining, indicating that demand is weakening. CryptoQuant's research director Julio Moreno pointed out that this phenomenon suggests that Bitcoin demand remains weak. In contrast, long-term holders seem to be accumulating opportunistically. Moreno added that if Bitcoin demand grows again, this dynamic could reverse, leading short-term holders to buy from long-term holders.CryptoQuant contributor IT Tech believes that this dynamic could lead to mid-term price appreciation and market stability. The increase in accumulation by long-term holders may stabilize prices and prepare the market for a potential rebound, while the selling by short-term holders could exert downward pressure on Bitcoin prices in the short term. IT Tech stated that the data shows a clear flow of funds from the weak group (short-term holders) to the strong group (long-term holders), indicating market stability.

ChainCatcher news, long-term holders of Bitcoin increased their holdings by 262,000 BTC in August, bringing their total holdings to 14.82 million BTC, which accounts for 75% of the total supply."Top holders" are also staying low-key, with 7 out of the top 10 anonymous Bitcoin wallets having been inactive for over two years, holding 237,816 BTC (worth $14.04 billion), which represents 1.2% of the circulating supply.

ChainCatcher message, CryptoQuant posted on X that in the past 30 days, the supply held by long-term holders has increased by 262,000 BTC, and this group now holds 14.82 million BTC, accounting for 75% of the total supply.

ChainCatcher news, CryptoQuant analyst Amr Taha stated: "The realized market value of long-term holders has exceeded $10 billion for the first time." This means that this group has spent a total of $10 billion to purchase BTC, with this metric considering the last sale price of each BTC. Crypto analysis firm Bitbo noted that the realized market value "is often compared to the regular market value to understand the overall market sentiment."It is reported that long-term holders refer to addresses that have held coins for more than 155 days. Taha explained that once the holding period exceeds 155 days, these holders "are much less likely to sell, which means they are less likely to sell their positions during short-term market fluctuations."

ChainCatcher news, Bitwise Chief Information Officer Matt Hougan stated on social media that after reviewing the 13-F filings submitted by various institutions in recent days, he made some preliminary summaries based on the second quarter Bitcoin ETF holdings, including:Institutions are still increasing their holdings, and the trend continues: In Q2, 10 Bitcoin spot ETFs had a total of 1,924 institutional holders, up from 1,479 in Q1, representing an increase of about 30%. Considering that Bitcoin experienced a decline in Q2, this result is already quite impressive.Most institutional investors are diamond hands: The majority of institutional investors who allocated in Q1 held or purchased more positions in Q2. Among the filers in Q1, 44% of institutions increased their holdings in Bitcoin ETFs in Q2, 22% remained unchanged, 21% reduced their positions, and 13% exited completely.Hedge funds remain major holders: Most of the top holders of ETFs are mainstream hedge funds, including Millennium, Schonfeld, Boothbay, Capula, and others. However, there are also a significant number of advisors, family offices, and select institutional investors. Over time, we hope to see an increasing share from wealth management firms and pension funds.

ChainCatcher news, as reported by Bitcoin Magazine, during the recent market downturn, long-term Bitcoin holders bought over 184,500 BTC, worth $11.1 billion.

ChainCatcher message, Bitfinex Alpha's latest report indicates that the supply of long-term Bitcoin holders has stabilized at 14.8 million BTC from 16.2 million BTC in January, suggesting a reduction in selling pressure. The supply of short-term holders has significantly increased since January, stabilizing around 4.8 million BTC, mainly due to new investors entering the market through ETFs and buying on dips during price corrections. The current price decline has left over 2.8 million Bitcoin short-term holders facing unrealized net losses; despite the bearish trend and supply pressure from Mt. Gox creditors, the market may be approaching a balance point.The upward trend over the weekend suggests a potential recovery in the short term, but the market remains sensitive to news and external influences. Monitoring the asset management of short-term holders and the market's reaction early this week is crucial for determining the short-term direction of Bitcoin prices. Additionally, the sell-off of Bitcoin in Germany seems to have ended, and the U.S. Securities and Exchange Commission (SEC) has also concluded its investigations into Hiro Systems and Paxful. However, U.S. lawmakers' attempts to overturn President Biden's veto of the SEC Staff Accounting Bulletin (SAB) 121 were unsuccessful. SAB 121 requires banks to classify cryptocurrencies as liabilities, effectively prohibiting them from providing digital asset custody services.

ChainCatcher message, CryptoQuant analysts stated: "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating a rising demand for Bitcoin."CryptoQuant reports that due to the ongoing growth of stablecoin liquidity not fully unfolding, Bitcoin prices may take longer to bottom out and start a new upward trend.

ChainCatcher news, IntoTheBlock released the Q2 market report, showing that BTC and ETH fell by 12.8% and 3.1% respectively.The number of BTC held by long-term investors has decreased, with holders' balances dropping by 160,000 BTC (approximately $1 billion) in May and by 40,000 BTC in June.Since June, Bitcoin miners have sold over 30,000 BTC (approximately $2 billion). Currently, 78% of ETH is held by long-term holders. L2 transaction volume has grown fourfold, with the top three L2 networks (Arbitrum, Base, and Optimism) seeing their transaction volume quadruple over the year.

ChainCatcher news, Glassnode released a report indicating that since reaching an all-time high of $73,000 in March, the market has been in a consolidation phase. According to their estimates, the demand momentum has turned negative since early May.Glassnode analyzed the cost basis of short-term investors to examine the funds flowing into the market. To analyze the supply side, they referenced long-term holders and found that the unrealized profits held by this group are statistically far from historical peaks. The consumption behavior of long-term holders shows that although their spending accounts for only 4% - 8% of total consumption, the profits realized through their spending typically account for 30% - 40% of the cumulative profits in a bull market. This finding highlights that during a bull market, wealth is concentrated in old coins.

ChainCatcher news, IntoTheBlock released a report indicating that data shows Bitcoin long-term holders began selling in January, while Ethereum long-term holders are still accumulating. Currently, 27.5% of Ethereum's total market cap supply is staked, with 16.3% of staked ETH being re-staked through protocols like Eigenlayer. This highlights the strong demand for native yields among ETH holders. Additionally, long-term holders may be waiting for Ethereum ETF approval and a new all-time high before deciding to sell.IntoTheBlock states that as market prices rise, long-term holders begin to sell the assets they have accumulated over time. Historical data shows that this profit-taking typically starts in the early stages of a bull market and continues until after the cycle peak, so monitoring this activity helps to more accurately estimate market peaks.

ChainCatcher news, according to The Block, over the past nine days, the holdings of large Bitcoin holders have shown a negative value. Bitfinex analysts indicate that long-term Bitcoin holders and large investors seem to be the driving force behind the recent Bitcoin sell-off, whether on exchanges or through over-the-counter trading.Historically, long-term holders tend to gradually sell their Bitcoin during bull markets, especially when the market enters a consolidation phase.

ChainCatcher news, the official Degen project of the Farcaster ecosystem Meme coin stated on the X platform that after listening to community feedback, they realized that the current reward incentive policy is not effective. They are currently developing a new incentive mechanism to reward long-term members and reduce farming behavior. They will quickly iterate and improve in the next season's activities to curb token farming behavior.In addition, the official clarified that the future system will require users to demonstrate their commitment to the Degen project by locking or staking, aiming to reward those who hold DEGEN tokens for the long term. The corresponding incentive mechanism is currently under development.

ChainCatcher message, Bitfinex stated on social media that on-chain indicators show that the real selling pressure does not come from ETF investors, but from long-term holders, whales, and miners. The Hodler net position change indicator, which measures whale holdings, has been negative for the past nine days.

ChainCatcher news, analysis from the company CryptoQuant shows that the amount of inactive BTC for 1 - 2 years has decreased, which is a sign that holders are taking profits while the Bitcoin price remains near historical highs.Ilan Solot, co-head of digital assets at Marex Solutions, said in an email on Wednesday: "After Bitcoin's price hit an all-time high, addresses holding Bitcoin for 1 year and 2 years have been selling. This offsets the accumulation of long-term holders (+3 years)."

ChainCatcher news, CryptoQuant research director Julio Moreno posted on social media that yesterday Ethereum demand surged, with the daily purchase volume from permanent holders reaching the second highest record in history, totaling 298,000 ETH, worth approximately $1.34 billion.It is reported that this daily purchase volume is only 6% lower than the record set on September 11, 2023, when permanent holders purchased 317,000 ETH as the ETH price fell below $1,600.

ChainCatcher news, according to Glassnode's report, long-term Bitcoin holders have begun to re-enter accumulation mode for the first time since December 2023 after months of selling, indicating that volatility is needed to drive a new wave of selling.Analysts also pointed out that Bitcoin's price movements over the past three months have been more moderate than in previous bull market cycles. According to Glassnode's data, in the past three months, Bitcoin's weekly, monthly, and quarterly gains exceeded 3.3%, 7.4%, and 25.6% respectively, with only 5 days of such gains in the past 90 days. In previous cycles, this number reached 18 to 26 days, suggesting that the current market may be more cautious compared to historical bull markets.

ChainCatcher news, according to Cointelegraph, Glassnode released a market analysis report indicating that long-term holders of ETH seem unwilling to sell in large quantities at the current price. Despite many having ample profit margins, they are still waiting for a better selling position.In analyzing the market capitalization to realized value (MVRV) ratio of Ethereum, Glassnode stated that short-term holders of ETH (with an average total cost of $3000 within 155 days) may panic if a new market downturn occurs.