[Analyst: Bitcoin Long-Term Holders Reduce Positions for 7 Consecutive Weeks, Market Continues to Absorb Selling Pressure] Odaily Planet Daily News – Crypto analyst Axel Adler stated that Bitcoin long-term holders (LTH) have reduced their holdings for the seventh consecutive week. However, this has not yet hindered BTC's price increase, as the market continues to absorb the supply released by long-term holders. Data shows that the long-term holder position change indicator remained positive from February to early August this year, with long-term holders increasing their holdings by approximately 1.2 million BTC in May. On August 17, the indicator turned negative and has been in a reduction state for seven consecutive weeks. As of September 28, long-term holders' position change showed a decrease of 73,400 BTC, expanding from the previous week's reduction of 1,100 BTC. Axel Adler pointed out that compared to the reduction of approximately 1.07 million BTC by long-term holders in November 2025, the current scale of reduction remains relatively limited. If the future reduction scale by long-term holders reaches hundreds of thousands of BTC again, coupled with BTC prices ceasing to rise, it may indicate a decline in the market's ability to absorb supply. Additionally, the long-term holder SOPR indicator has remained above 1 for the second consecutive week, suggesting that long-term holders are realizing profits. On September 21, the indicator rose to 1.24, the highest level since January this year; as of September 28, LTH SOPR stood at 1.18, indicating that BTC being transferred has achieved approximately 18% realized profit relative to its cost basis. Current data shows that long-term holders are gradually exiting with profits as BTC prices rise, while new demand continues to absorb the supply released in the market.