[Bitfinex: Bitcoin Long-Term Holders Continue Accumulating, but Market Nears Stabilization Rather Than Recovery] BlockBeats News, July 30, Bitfinex stated that although Bitcoin's price dropped from $82,000 to below $58,000, long-term holders have consistently maintained net accumulation. However, as selling pressure simultaneously eased, the pace of accumulation has significantly slowed. In late May, the net accumulation was approximately 40,000 BTC, while by late July, it had decreased to about 14,000 BTC. Bitfinex believes the current market appears to be entering a stabilization phase rather than initiating a substantial recovery. [Original Link]