CryptoQuant: Long term holders of Bitcoin take profits lower than before, with accumulation trends dominating the market According to BlockBeats, on August 15th, CryptoQuant analyst Axel Adler Jr posted that the cumulative distribution of long-term holders of Bitcoin for six months to two years shows that their supply has increased from 3.551 million BTC in April (when Bitcoin was priced at $83000) to 5.191 million BTC currently, an increase of 1.64 million BTC. During the $118000 ATH testing period, there was moderate profit taking, and the 7-day average spending of long-term holders increased to 20000 BTC, significantly lower than the typical spending peak in the past (40000 to 70000 BTC). Overall, this indicates that in the current market, the trend of Bitcoin accumulation is more dominant than profit distribution.