Analyst: Bitcoin Long-Term Holder Transfer Volume to Exchanges Rises to High Levels
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Analyst: Bitcoin Long-Term Holder Transfer Volume to Exchanges Rises to High Levels
CryptoQuant analyst Darkfost posted that data shows the volume of Bitcoin long-term holders (LTH) inflows to exchanges recently reached a phased high. Based on the 90-day average, current long-term holder inflows account for 5.1% of total exchange inflows, approaching historical highs, surpassed only by the level of approximately 5.5% in 2020.
Navigating Web3 tides with focused insightsTechFlow News, July 28, CryptoQuant analyst Darkfost stated in a post that data shows the volume of Bitcoin long-term holders (LTH) flowing into exchanges recently reached a phase high. Calculated based on the 90-day moving average, current LTH inflows account for 5.1% of total exchange inflows, approaching historical highs, only lower than the level of approximately 5.5% in 2020.
This change occurred during a phase of significant decline in Bitcoin price. Since this indicator uses 90-day moving average statistics, there is a certain lag in the short term. Overall, current data indicates that LTH trading activity has increased recently, but this trend may gradually stabilize subsequently.
