[Analysis: BTC Long-Term Holders Still Capable of Creating Short-Term Selling Pressure, but Long-Term Influence Weaker Than Previous Cycles] BlockBeats News, June 14 – Analyst Darkfost stated that, based on on-chain data, Bitcoin long-term holders (LTH, holding for over six months) are exhibiting a dual characteristic of short-term activity and long-term accumulation. The short-term inflow of BTC from LTH to exchanges remains above normal levels—when LTH transfers Bitcoin to exchanges, it often signals an imminent sell-off. An 'extreme selling event' is defined as a period when daily exchange inflows reach at least five times the annual average level. Recently, such signals have continued to appear, indicating that LTH still has the ability to create sudden selling pressure in the short term. However, over a longer time frame, the annual average exchange inflow from LTH has shown a consistent downward trend. Although it has recently risen slightly from about 630 BTC/day in early May to over 800 BTC/day, it remains at the lowest level since records began in 2015. The analyst believes this trend suggests that LTH are increasingly inclined to hold long-term, which may also be related to changes in holder structure following the introduction of ETFs and the entry of institutional participants. The conclusion is that while LTH can still generate periodic concentrated selling pressure in the short term, their market influence over the medium to long term has significantly weakened and no longer dominates as in previous cycles. [Original Link]