ChainCatcher 消息，链上分析师 Murphy 在 X 平台发文表示，比特币长期持有者（LTH）累计向交易所转入约 3.2 万枚 BTC，为今年 2 月 5 日大跌以来第二大单日转入规模。不过，同期美国政府相关钱包向 Coinbase Prime 转入约 1.72 万枚 BTC，考虑到该平台承担美国法警署的官方托管及交易服务职能，相关转账不一定意味着卖出。
剔除这部分后，值得关注的潜在抛压约为 1.48 万枚 BTC，主要来自币龄 6 至 12 个月及 3 至 5 年的长期筹码。Murphy 指出，被花费的长期持有者筹码平均币龄达到 712 天，高于 7 月 14 日的 651 天，表明更早期的持仓正在逐步参与换手。他认为，牛熊过渡阶段的长期持有者派发并不一定是利空，阶段性抛压释放有助于筹码重新分配，关键在于市场需求能否有效承接。若新增资金能够消化供给，充分换手反而可能为后续行情减轻阻力。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.