#CreatorPad #CreatorPad Between July 23 and August 1, the range of consumed production slightly expanded from 7 to 10 years. This means that long-dormant wallets, which have held Bitcoin for nearly a decade, were moving coins. This type of selling pressure was previously directed between July 10 and 19, when Bitcoin prices corrected from their peak of $123,000 to $117,000.

However, the selling pressure from long-term coin holders has been in a continuous decline since the peak reached on July 4.

Note: The range from July 10 to 19 was wider than the range from July 23 to August 1, indicating a clear decrease in the selling intent among long-term coin holders.

During the current range expansion (July 23 to August 1), the price of Bitcoin has stabilized above $113,000, showing that the market has absorbed this supply without collapsing. This is a sign of Bitcoin's price strength.$BTC