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CryptoQuant: The average profit for long-term Bitcoin holders has reached 215%, approaching 300% or triggering a sell-off.
PANews July 9 news, CryptoQuant analyst Axel Adler Jr stated that Bitcoin long-term holders (LTH) usually start large-scale selling when profits exceed 300%. Currently, the average return of LTH has reached 215% of the cost price. The market is in a range between orderly profit-taking and potential dumping, and attention is needed for possible market fluctuations in the future.