币界网报道：Long-term Bitcoin [BTC] holders (LTH) are steadily distributing their tokens, but the market is absorbing this supply without breaking its stride – a sign of strength in disguise. Meanwhile, aggressive accumulation at Strategy (formerly MicroStrategy), which now controls 3% of Bitcoin’s total supply, suggests that broader institutional demand is building. This could be the fuel for Bitcoin’s next big move. LTH selling off without panic? July is coming – and so is a breakout? Historically, July has been one of Bitcoin’s strongest months, with a median return of 8.9% and a positive close in eight of the past 10 years. Now, this converges with two major bullish forces: LTH steadily shifting supply into strong hands, and institutional demand tightening the circulating supply. If the market continues to absorb this supply as it has over the past month, a decisive breakout could be just around the corner. With July’s strong track record and current structural support, perhaps there’s a surprise, even for bulls.