ChainCatcher reports that on-chain analyst Murphy (@Murphychen888) has monitored that the net position change of Bitcoin long-term holders (LTH) continues to grow.
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 shifted from short-term to 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 accordingly, but selling pressure has also weakened.
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