Bitcoin Long-Term Holders' Distribution Drops 22% Weekly

On October 29, CryptoQuant analyst Axel Adler Jr. reported that the rolling distribution volume of Bitcoin long-term holders has decreased by 22% over the past week, indicating a reduction in selling pressure. Although the Bitcoin price remains above the average holding cost for long-term holders, the unrealized profit margin is continuing to narrow. Adler pointed out that while the distribution activity of long-term holders has weakened, the shrinking profit buffer still requires attention.

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