Data: Long-term Bitcoin holders have recently begun to reduce their holdings, while the number of "Xiami" addresses is expected to rise by nearly 9%

PANews reported on December 15 that according to Cointelegraph, data shows that long-term Bitcoin holders (wallets that have held Bitcoin for at least 155 days) have recently begun to reduce their holdings, selling 827,783 BTC in the past 30 days. CryptoQuant analyst Axel Adler pointed out in an article that at this stage, the average number of Xiami addresses (wallets holding less than 1 BTC) that measure "retail investor interest" is 323,000. According to the current market development trend, the indicator value is expected to reach 351,000, and the increase may reach 8.67%.

Axel Adler further analyzed that the growth of Xiami addresses began when Bitcoin hit $61,000, when the indicator value was about 265,000, and it has increased by 21.9% since that price level.