Analysis: During Bitcoin's decline from 87000 USD, long-term holders have hardly deposited coins onto exchanges
BIBIBI
AT A GLANCE
During Bitcoin's decline, tokens held for at least 6 months have scarcely flowed into exchanges.
Article
Analysis: During Bitcoin's decline from 87000 USD, long-term holders have hardly deposited coins onto exchanges
BlockBeats reports that October 9，Bitfinex stated that Bitcoin is typically transferred to exchanges before being sold, but during its decline BTC from 87000 USD, Bitcoin held for 6 months or longer has shown almost none of this behavior.
Data show that nearly all Bitcoin recently flowing into exchanges consists of tokens that were moved only within the past 1 weeks.Bitfinex noted that genuine market capitulation typically requires long-term holders to begin moving and selling their holdings, and there is currently no sign of this.
Original link:https://m.theblockbeats.info/flash/371067
Key points
01
BlockBeats said that Bitfinex stated that, during Bitcoin's decline from 87000 USD, Bitcoin held for 6 months or longer has scarcely been transferred to exchanges.
02
Nearly all Bitcoin recently flowing into exchanges consists of tokens that were moved only within the past 1 weeks.
03
Bitfinex stated that genuine market capitulation typically requires long-term holders to begin moving and selling their holdings, and there is currently no sign of this.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This analysis focuses on the sources of Bitcoin flowing into exchanges. The data show that recently inflowing tokens were primarily Bitcoin moved within the past 1 weeks, while Bitcoin held for at least 6 months has scarcely been transferred to exchanges.
Why it matters to readers
It provides an on-chain indicator for observing whether holders are moving and selling Bitcoin, but this information alone cannot indicate how the price of Bitcoin will develop.
Beginners can view exchange inflows as an indicator of potential preparation to sell; whether long-term holders transfer coins is the change this analysis focuses on.
Risks and unknowns
The report does not provide the underlying on-chain data, statistical methodology, or details that can be independently verified.
The article does not specify the full details of the definition of “long-term holders.”
This information alone cannot confirm Bitcoin's subsequent price trend.
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Long-Term Holders
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