Deep Tide TechFlow News, on February 27, according to on-chain analyst Murphy (@Murphychen888), as of February 26, the net position of Bitcoin long-term holders (LTH) continued to increase.
Data shows that between February 13 and February 26, a total of 14,127 Bitcoins held by long-term holders were spent, while 19,798 Bitcoins from short-term holders (STH) were converted into long-term holdings. After offsetting positive and negative changes, the net remains positive, indicating that both long-term and short-term holdings are decreasing through turnover. Market liquidity has decreased somewhat, but selling pressure has also weakened accordingly.
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Analyst: Long-term Bitcoin holders' net position continues to increase, and market turnover rate decreases
Deep Tide TechFlow News, on February 27, according to on-chain analyst Murphy (@Murphychen888), as of February 26, the net position of Bitcoin long-term holders (LTH) continued to increase.
Data shows that between February 13 and February 26, a total of 14,127 Bitcoins held by long-term holders were spent, while 19,798 Bitcoins from short-term holders (STH) were converted into long-term holdings. After offsetting positive and negative changes, the net remains positive, indicating that both long-term and short-term holdings are decreasing through turnover. Market liquidity has decreased somewhat, but selling pressure has also weakened accordingly.