Analyst: Bitcoin long-term holder distribution volume drops 22% weekly, selling pressure eases but profits narrow.

BlockBeats news, October 29 - CryptoQuant analyst Axel Adler Jr.'s latest report indicates that the 30-day rolling distribution volume of Bitcoin long-term holders (LTH) has dropped 22% over the past week, suggesting that the potential selling pressure from long-term holders has eased somewhat. However, although Bitcoin's price remains above the average holding cost of long-term holders, their unrealized profit margin is continuing to narrow. Adler noted that while distribution activity among long-term holders has weakened, the shrinking profit buffer still warrants attention.