Analyst: Bitcoin long-term holders' 30-day distribution volume rose to 281,900 BTC, up 61.5% from August 18

According to Odaily, Axel Adler Jr. stated on the X platform that from August 18 to 28, the cumulative 30-day distribution volume of Bitcoin long-term holders increased from 174,500 BTC to 281,900 BTC, reaching the highest level since 2026 on August 28. This metric accelerated during the rebound following the short squeeze in Bitcoin. During the same period, the MVRV of long-term holders rose from 1.31 on August 18 to 1.64 on August 27, standing at 1.60 on August 31, with the market capitalization of Bitcoin held by long-term holders exceeding the average realized value by approximately 60%.