The proportion of long-term holders holding coins has risen to about 78%, and August is a key window for observing the low buying trend in February

Analyst Darkfost stated that long-term holders hold approximately 15.6 million BTC, accounting for approximately 78% of the circulating supply. In December 2023, the indicator was approximately 16.8 million BTC, and long-term holders have since made large-scale distributions at multiple peaks of this cycle. At present, the increase in LTH holdings corresponds to the completion of long-term holding conversion of chips purchased about 6 months ago when BTC price was around $90000. If the indicator continues to rise significantly in August, it will reflect that the chips bought during the period when BTC fell below $60000 in February this year have entered the long-term holding stage.