Murphy: During the BTC decline, short-term holders' selling pressure weakened, while long-term holders shifted to a smaller scale

Chain analyst Murphy stated that during the recent BTC decline, short-term holders have been transferring approximately 2200 BTC per hour to the exchange. The peak transfer on October 15th was lower than that on October 8th, and the selling pressure on short-term holders has weakened. Long term holders only transfer about 480 BTC per hour, far lower than short-term holders. On October 8th, there was a peak of about 3700 BTC per hour for long-term holders, and the overall stability of long-term holders remains stable. The BTC holder structure is still resilient.