Bitcoin Long-Term Holders Increase Distribution by 61.5% Amid Price Recovery

CryptoQuant analyst Axel Adler Jr reported that Bitcoin long-term holders (LTH) increased their 30-day cumulative distribution from 174,500 BTC on August 18 to 281,900 BTC by August 28, marking the highest level since 2026. This acceleration suggests that long-term holders are taking profits following the recent short squeeze. The LTH MVRV ratio rose from 1.31 to 1.64 during this period, indicating that long-term holders are sitting on approximately 60% in unrealized profits. Analysts warn that if Bitcoin prices remain stable, continued selling pressure fro