Darkcast: Long term holders of Bitcoin frequently move on the chain, with over 5000 UTXOs changing in a single day
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CryptoQuant analyst Darkfost stated that Bitcoin holders who have held for 5 to 7 years and 7 to 10 years have daily UTXO movements exceeding 5000 BTC, and this behavior occurred during the Bitcoin testing of $60000. Darkfost pointed out that the spending of UTXO does not represent a sale, and the reasons for long-term holders to move Bitcoin include changing wallet addresses or selling assets. Currently, on chain data does not show a large amount of funds flowing to exchanges, and there is no sign of large-scale selling.