Since August 19, the number of bitcoins held by long-term holders has decreased for five consecutive weeks, but selling pressure is gradually weakening.

BlockBeats news, September 21: Crypto analyst @AxelAdlerJr posted that after August 19, the Bitcoin long-term holder cohort's holdings decreased for 5 consecutive weeks, but the pace of reduction over the last 30 days has significantly slowed from 105,900 BTC on August 30 to 21,700 BTC on September 20 (nearly five times).

In addition, Bitcoin long-term holders reduced their holdings by 47,800 BTC last week. LTH SOPR data shows that most of them were sold at a loss.