Bitcoin's Long-Term Holders Reduce Holdings Amid Strong Market Demand

According to BlockBeats, analyst Murphy has highlighted a significant shift in Bitcoin holdings among long-term holders (LTH) since July 7, 2025. Over this period, the total number of Bitcoins held by LTHs has decreased by 363,000. However, the actual distribution of BTC by these holders is much larger, totaling 2.57 million BTC, which represents 13% of the total circulating supply sold within four months. Despite this substantial sell-off, Bitcoin's price has only seen a minor fluctuation of $2,000 since July 7, 2025. This indicates that while the market has faced considerable selling pressure, the demand has been equally robust, preventing a significant price drop. Murphy concludes that the current market conditions suggest a continuation of the bull market rather than a transition to a bear market.