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Crypto analyst Darkfost stated that the activity of long-term Bitcoin holders has cooled down compared to the peak of the bull market in 2024, with exchange inflows below the annual average, indicating a rational market trend. During the peak period of the market in March 2024, the daily average inflow of long-term holders on the exchange exceeded the annual average by more than 5 times. At present, the annual average daily exchange inflow of BTC has increased from about 600 to about 1000, with some trading days having inflows higher than the annual average, which is consistent with the situation where high-level buyers have achieved increased losses.