Data: Long-term holders of Bitcoin increased their holdings by 262,000 BTC in August, and the market may break the trend of the past years in September.

DeepChain TechFlow News, on September 1st, the latest report from the on-chain data analysis platform Spot On $Chain shows that although September is usually considered a weak month for Bitcoin, this year may break this trend. The data shows that long-term Bitcoin holders increased their holdings by 262,000 $BTC in August, bringing the total to 14.82 million $BTC, accounting for 75% of the total supply. At the same time, out of the top 10 anonymous Bitcoin wallets, 7 wallets have been inactive for over two years, holding a total of 237,816 $BTC, worth approximately 14.04 billion US dollars, accounting for 1.2% of the circulating supply. In addition, major selling pressures from the German government, Mt.Gox, and others have been released in July and August, with a total of 170,917 $BTC sold. Analysts believe that these factors, along with potential Bitcoin ETF demand, may have a positive impact on the Bitcoin market in September.