[Analysis: Bitcoin Long-Term Holder Distribution Rises to 281,900 BTC, Up 61.5% Since August 18] BlockBeats News, September 1, CryptoQuant analyst Axel Adler Jr posted that from August 18 to August 28, the 30-day cumulative distribution of Bitcoin long-term holders (LTH) increased from 174,500 BTC to 281,900 BTC, a rise of 61.5%, reaching its highest level since 2026 on August 28. This metric accelerated significantly during Bitcoin's rapid rebound following a short squeeze, indicating that long-term holders are taking advantage of the price recovery to realize profits. Meanwhile, LTH MVRV rose from 1.31 on August 18 to 1.64 on August 27 and remained at 1.60 on August 31, meaning the market value of Bitcoin held by long-term holders is approximately 60% higher than its average realized value. This suggests that despite the increase in distribution activity, long-term holders still possess substantial unrealized profits. Axel believes that the price rebound following the short squeeze has simultaneously boosted the profitability and token distribution speed of long-term holders, creating conditions for further profit-taking. If Bitcoin's price remains stable, long-term holders may continue to release supply, adding additional selling pressure to the market. The key question for the market now is whether the high-level distribution by long-term holders will persist and whether new buying demand can absorb this additional supply; otherwise, the market may face renewed price pressure. [Original Link]