• Short-term holders are selling: The number of bitcoins held by short-term holders has been declining since late May, indicating a weakening in demand for the cryptocurrency.
• Long-term holders are buying: In contrast, long-term bitcoin holders appear to be accumulating their positions as short-term holders sell off their holdings.
• Market dynamics have shifted: CryptoQuant’s data reveals a significant shift in bitcoin ownership dynamics over the past few months.
• Potential for price appreciation: The sell-off by short-term holders could lead to medium-term price appreciation and market stabilization.
• Long-term investors are confident: The charts show short-term investors exiting the market, while long-term holders are accumulating, suggesting a potential rebound.

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