On July 9, CoinWorld reported that CryptoQuant analyst Axel Adler Jr stated that long-term holders (LTH) of Bitcoin typically begin to sell off in large volumes when their profits exceed 300%. Currently, the average return for LTH has reached 215% of the cost price. The market is currently in a range between orderly profit-taking and potential sell-offs, and attention should be paid to possible market fluctuations in the future.