Axel Adler Jr.: Long-term holders reduced their holdings by 345,000 BTC, but the selling frequency has slowed down.

Analyst Axel Adler Jr. stated that since July 30, long-term Bitcoin holders have cumulatively reduced their holdings by 345,000 BTC. In the past week, holdings decreased by 9,000 BTC, but in the last three days increased by 40,000 BTC. The long-term holders’ spending frequency indicator has fallen from its peak between October 6 and 10. The current BTC price is about $82,800, and the average cost for long-term holders is about $48,600, resulting in an overall unrealized profit of approximately 70%.