<ul><li>On-chain data reveals growing selling activity among long-term Bitcoin holders.</li><li>Long-term holders have offloaded around 800,000 BTC over the past month.</li><li>Dolphins, wallets holding between 100 and 500 BTC, have emerged as significant buyers, accumulating over 350,000 BTC.</li><li>Institutional and ETF-driven demand signals evolving participant profiles and their growing influence on Bitcoin’s market trends.</li></ul>

Bitcoin supply dynamics shift as long-term holders sell while dolphins buy

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