Analysis: During Bitcoin's drop from $87,000, long-term holders barely deposited coins to trading platforms

BlockBeats news, October 9: Bitfinex stated in a post that Bitcoin is typically transferred to trading platforms before being sold, but during the decline of BTC from $87,000, Bitcoin held for 6 months or longer has shown almost no such behavior.

Data shows that the Bitcoin recently flowing into trading platforms is almost entirely tokens that have only been transferred within the past week. Bitfinex pointed out that a true market capitulation usually requires long-term holders to start moving and selling their holdings, and this sign has not yet appeared.