ChainCatcher news, according to IntoTheBlock data, in the past 7 days, long-term holders (LTH) of Bitcoin have sold a total of 177,617 Bitcoins. The chart below shows the "balance changes by holding time," reflecting the liquidity of long-held Bitcoins.Analysis indicates that LTH tend to accumulate more when prices drop and reduce their holdings when prices rise. Currently, with the recent increase in Bitcoin prices, the distribution activity of LTH has become active again. This pattern was also evident during the bull markets in 2018, 2021, and 2024.

ChainCatcher news, according to Coindesk, short-term Bitcoin holders transferred approximately $2.3 billion worth of Bitcoin to exchanges yesterday, marking the highest record since the closure of yen arbitrage trading on August 5.Analyst Van Straten stated that the drop in Bitcoin on Thursday triggered panic selling among short-term holders. This panic selling is the most severe since the closure of yen arbitrage trading on August 5. Short-term holders (investors holding Bitcoin for less than 155 days) often feel panic and sell when prices drop, while buying during market greed.On Thursday, a total of over 54,000 BTC was transferred to exchanges, the highest amount since March 27. In the past three days, short-term holders sent over $6 billion worth of Bitcoin to exchanges to take profits and lock in gains by the end of the month.

ChainCatcher message, Glassnode posted on X that short-term Bitcoin holders currently show a profit advantage, with a profit-to-loss ratio of 1.2. This indicator recently broke above 1 standard deviation, higher than its 90-day average, suggesting that investor sentiment may be undergoing a positive change.

ChainCatcher news, CryptoQuant analyst Burak Kesmeci pointed out that the average cost of short-term Bitcoin holders is playing a key role. Currently, the average cost for 1-3 month holders is $61,633, and for 3-6 month holders, it is $64,459. These two levels are approaching each other daily, and the direction of the breakout will be decisive.Kesmeci believes that if the price breaks above $64,500, it will empower the bulls; conversely, if it falls below the average cost of 1-3 month holders at $61,600, the patience of Bitcoin investors will be severely tested.

ChainCatcher news, according to Cointelegraph, based on CryptoQuant analysis, long-term Bitcoin holders (holding for more than 155 days) are reducing their positions, with their holdings recently decreasing from $19 billion to $12 billion, while short-term holders' positions have surged by $6 billion recently.

ChainCatcher news, according to CoinDesk, data from Glassnode shows that since September 19, short-term holders of Bitcoin have purchased approximately 100,000 Bitcoins. As of September 27, the price of Bitcoin surged to over $66,000, and with the price increase, short-term holders began to buy in large quantities. However, as the price started to decline, they began to sell off their holdings.In the past two days, short-term holders sent about 64,000 Bitcoins to exchanges, worth $4 billion. Approximately $3 billion of this was sent at a loss. On the other hand, long-term holders seem to remain calm. During the same period, this group only sent 100 Bitcoins to exchanges at a loss.It is reported that Glassnode defines "short-term holders" as investors who have held Bitcoin for less than 155 days. This group tends to panic sell when the BTC price falls below their cost basis.

ChainCatcher news, according to The Block, CryptoQuant data shows that the 30-day change in supply from short-term holders (STH) of Bitcoin has dropped to its lowest level since 2012. CryptoQuant's research director Julio Moreno stated that this could limit Bitcoin's ability to break through the current price range.Data shows that Bitcoin supply is shifting towards long-term holders (LTH), which are addresses that have held for more than 155 days. While the accumulation of Bitcoin by long-term holders is a prerequisite for price appreciation, Moreno emphasized that Bitcoin still needs new demand from short-term holders to sustain price increases. Moreno added, "Currently, there has been no significant new demand from short-term holders."

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, Bitfinex analysts indicate that the characteristics of a lack of liquidity may persist until September, making it difficult for Bitcoin to overcome the resistance level of $63,900. Currently, the price struggles to break through the actual holding cost of short-term holders (STH) at $63,900. Additionally, Mt. Gox and the U.S. government still have nearly $15 billion in potential selling pressure. The U.S. government holds over 203,000 Bitcoins, valued at $12.1 billion, while Mt. Gox plans to distribute another 46,000 Bitcoins, worth over $2.7 billion. According to a report from cryptocurrency analytics provider Kaiko on August 29, Mt. Gox plans to allocate $2.7 billion on Kraken before the end of 2024, but it may not have much impact on the market. Mt. Gox creditors did not sell off large amounts during the last major distribution of $4 billion. As of the end of July, Mt. Gox creditors received nearly $4 billion worth of BTC, accounting for 41.5% of the payments owed to users. According to a report from Glassnode on July 29, most Mt. Gox creditors chose not to sell. "Creditors opted to accept Bitcoin instead of fiat currency, and only a small portion of the compensated Bitcoin will actually be sold on the market."

ChainCatcher message, according to Bitcoin Magazine, long-term Bitcoin holders have accumulated over 500,000 BTC since July 30.

ChainCatcher news, the Ukrainian National Police announced that a 29-year-old foreign Bitcoin holder was kidnapped and killed in Kyiv, Ukraine. Four men aged between 24 and 29 have been detained on suspicion of "carefully" planning the kidnapping of the victim and stealing three Bitcoins worth approximately $207,000 from him."Information about the man's kidnapping reached the capital police department around midnight. Residents of a house in the Solomyanskyi district heard screams and saw several unidentified individuals beating and forcibly pulling a man into a car," the police department stated. The police investigation revealed that the attack was premeditated. During the investigation, the police seized money, a car, and other physical evidence from the detainees.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated: "If you are selling Bitcoin now, then your holding period for Bitcoin may not exceed 3 years, because veteran holders do not sell.Bull market investors (holding period of 6 months to 2 years) sold most of their BTC holdings as Bitcoin approached its last historical high;Bear market investors (holding period of 2 years to 3 years) sold about 67% of their holdings;Veteran investors who have experienced multiple cycles (holding period of over 3 years) show historical highs in UTXO supply across all age bands."

ChainCatcher message, in the past month, the number of addresses with a Bitcoin balance greater than zero has decreased by 672,510.Santiment states: "Traders may believe that the historical high in March is the highest level that can be reached in 2024. But when we see such large-scale liquidations, the likelihood of a sustained rebound only increases."

ChainCatcher message, IntoTheBlock posted on X that Bitcoin long-term holders showed confidence last week, despite concerns over recent transactions involving Mt.Gox and German government addresses, they still increased their Bitcoin holdings.

ChainCatcher news, Pomp Investments founder Anthony Pompliano stated in an interview with Fox Business that most Bitcoin holders did not choose to sell when its price dropped, but instead actively bought the dip.

ChainCatcher news, according to The Block, Bitfinex pointed out in its latest report that long-term holders of Bitcoin are realizing profits again, and more profit-taking by long-term holders could exert significant short-term downward pressure on Bitcoin's price.Bitfinex analysts stated that long-term holders who had paused profit-taking since early May seem to have started selling their held assets again, and the continued high profit realization by long-term holders indicates a fragile near-term outlook for Bitcoin.

ChainCatcher news, according to IntoTheBlock data, long-term holders of BTC have been reducing their holdings in 2024. There was a significant drop in May, with 160,000 BTC (approximately $10 billion) sold. The sell-off slowed down in June, with long-term holders selling 40,000 BTC.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X that in the past two weeks, long-term Bitcoin holders sold $1.2 billion worth of BTC, possibly through brokers; during the same period, ETF net outflows were $460 million.If this $1.6 billion in selling liquidity was not purchased over-the-counter, brokers may deposit Bitcoin into exchanges, which could impact the market.