Analyst: Bitcoin Long-Term Holder Selling Pressure Rises Following Short Squeeze

CryptoQuant analyst Axel Adler Jr. reported that the recent price rebound following a short squeeze has increased profitability for Bitcoin long-term holders (LTH), leading to a significant rise in distribution activity. Between August 18 and 28, the 30-day distribution volume by long-term holders surged by 61.5%, climbing from 174,500 BTC to 281,900 BTC, the highest level since the beginning of 2026. During this period, the LTH MVRV ratio rose from 1.31 to 1.64, indicating that long-term holders are sitting on approximately 60% in unrealized profits. The a