BTC long-term holders accumulate 3.06M BTC in last 3 months

Bitcoin long-term holders have accumulated 3.06 million BTC over the past three months, on-chain analyst Axel Adler Jr. said on X. He noted, however, that some long-term holdings are being sold at a loss. Adler Jr. explained that while the market has not entered a full capitulation, it is difficult to interpret the accumulation alone as a bullish signal.