According to Wu Blockchain, VanEck stated that Bitcoin's recent decline is mainly driven by mid-cycle holders who have held BTC for less than five years, while long-term holders with over five years of holding remain stable overall. Over the past 30 days, Bitcoin has dropped about 13%, with BTC ETP net outflows of approximately 49,300 BTC during the same period, and market sentiment has fallen to its lowest point of the year. On-chain data shows that large addresses holding 10,000–100,000 BTC have been consistently reducing their holdings over the past 6–12 months, while addresses in the 100–1,000 BTC range have absorbed part of the supply. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52233