CoinMeta data: Analyst murphy indicates that from October 7th to 8th, long-term holders (LTH) transferred 32,000 BTC to the trading platform, of which 17,200 BTC were transferred by the U.S. government to Coinbase Prime. Excluding this special transfer, the remaining 14,800 BTC came from long-term holdings with a coin age of 6-12 months and 3-5 years. During the bear-bull transition period, an average daily transfer of 2,000-3,000 BTC is within the normal range; the market should pay attention to the turnover of these holdings.