Bitfinex: Long term holders of Bitcoin are increasing their holdings at a slower pace, and the market is in a stable stage

Bitfinex stated that the price of Bitcoin once fell from $82000 to below $58000, with long-term holders maintaining a net increase in holdings. As the selling pressure weakened, the rate of long-term holders increasing their holdings slowed down, with a net increase of about 40000 BTC in late May and a decrease to about 14000 BTC in late July. Bitfinex believes that the current market is in a stabilization phase rather than a recovery.