TechFlow News: On February 27, on-chain analyst Murphy (@Murphychen888) reported that, as of February 26, the net holding change among Bitcoin long-term holders (LTHs) continued to rise.
Data shows that between February 13 and February 26, a total of 14,127 BTC held by long-term holders were spent, while 19,798 BTC held by short-term holders (STHs) transitioned into long-term holdings. After offsetting these positive and negative flows, the net result remains positive—indicating reduced turnover for both long-term and short-term coins. Although market liquidity has declined, selling pressure has correspondingly eased.
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