#比特币价格分析 Recently, there have been some noteworthy phenomena in the Bitcoin market. By analyzing on-chain data, it is found that long-term holders are accelerating their sell-off. Approximately 815,000 BTC have been sold in the past 30 days, reaching a new high since January 2024. Since July, long-term holders have cumulatively sold about 2.57 million BTC, accounting for 13% of the total Circulating Supply.

This large-scale sell-off should have had a significant impact on prices, but interestingly, the price of Bitcoin only fell by about 2000 USD. This indicates that market demand remains strong enough to absorb such a large amount of supply.

From a technical perspective, $100,000 seems to have become a key psychological barrier. Bulls are working hard to defend this level, while long-term holders are choosing to take profits at this position.

Overall, despite the large-scale sell-off, the resilience shown by the market indicates that we are still in a bull market phase. However, investors need to closely monitor the subsequent flow of funds and price trends in order to adjust their strategies in a timely manner.