Short-term holders contributed 85.5% of Bitcoin's on-chain spending in the past 24 hours

According to BlockBeats, on August 1, Glassnode stated that in the past 24 hours, the on-chain spending of Bitcoin primarily came from short-term holders. Short-term holders contributed $18.24 billion, accounting for 85.5%; long-term holders contributed $3.1 billion, accounting for 14.5%; the total spending amount was $21.34 billion. This indicates that the current round of selling is mainly driven by recent buyers, rather than long-term investors.