CryptoQuant CEO Ki Young Ju's recent analysis reveals a divergence in Bitcoin holder behavior. According to Ki Young Ju, short-term holders and traders are currently selling off their BTC holdings. This suggests potential profit-taking or a reaction to recent market fluctuations. However, the data also indicates resilience among long-term Bitcoin holders and miners. These entities are maintaining their positions, demonstrating a continued belief in Bitcoin's long-term value proposition. This contrast highlights the difference between speculative trading and committed investment within the cryptocurrency market. The long-term holders' conviction may signal underlying strength despite short-term volatility. ```