According to recent on-chain data analysis, long-term holders of Bitcoin (BTC) who bought the cryptocurrency at least seven years ago are not yet selling their holdings. In contrast to the previous bull market, where long-term holders started selling their Bitcoin before the bullish phase ended, the data suggests that we are not near that stage yet. Similar trends are observed in other major altcoins, such as Ethereum (ETH) and Litecoin (LTC), where over 70% of owners have held their assets for at least 12 months. The selling pressure in the market is mainly coming from short-term traders, while long-term holders demonstrate confidence in the crypto rally. In terms of stablecoins, the supply of USDT and USDC on centralized exchanges has been increasing, with USDT supply jumping by 40% in the last three months, indicating a growing market for Bitcoin and other major cryptocurrencies.



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