Based on the data from the past week, long-term holders have shifted from distribution to accumulation. Of course, this is just data from one week, and it remains to be seen whether this trend will reverse. However, if historical data is still valid, the increase in long-term holders may correspond to a decline in BTC prices.

As mentioned earlier, the sentiment among investors has fundamentally changed, so the accuracy of the data needs to be observed further.

However, this data has never been wrong in history. It remains to be seen whether the data is still accurate or if investors have truly broken through the data structure, which requires more observation over time.

This article is sponsored by #Bitget ｜ @Bitget_zh

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