CryptoQuant analyst Axel Adler Jr stated that from August 18th to 28th, the cumulative 30 day allocation of Bitcoin long-term holders increased from 174500 to 281900, an increase of 61.5%. This indicator is accelerating in the rebound of Bitcoin after a short-term short squeeze, and long-term holders are taking advantage of the price rebound to profit. In addition, LTH MVRV increased from 1.31 on August 18th to 1.60 on August 31st, with long-term holders holding Bitcoin at a market value approximately 60% higher than the average realized value. Axel Adler Jr believes that the price rebound has driven up the profitability and token allocation speed of long-term holders. If the Bitcoin price remains stable, long-term holders may continue to release supply.
