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32,000 $BTC Coins Dumping Scare? The Bull Market’s Ultimate Master Plan Behind LTH Distribution!

“Every deep dip in the market is for a more violent takeoff; every transfer of coins is a redistribution of wealth.”

Data from analyst Murphy shows that from October 7 to 8, LTH transferred 32,000 BTC to exchanges. Excluding the 17,200 BTC transferred by the U.S. government to Coinbase Prime, the actual potential selling pressure was only 14,800 BTC, originating from coins held for 6–12 months and 3–5 years. During the transition between bull and bear markets, LTH transferring an average of 2,000–3,000 BTC per day is entirely normal. Combined with the surge in the CDD indicator, this confirms that dormant coins are awakening.

In my view, a decline combined with distribution is not necessarily a bad thing. History shows that old coins change hands during the mid-stage of every bull market, and releasing short-term selling pressure instead reduces the burden on the subsequent market. New capital absorbing old holdings is a necessary part of the market’s value discovery process. Sufficient coin turnover is the solid foundation of a long-lasting bull market.

There is no fairy tale in which people only buy and never sell during a bull market. Is this pullback meant to pick up buyers, or does it signal a trend reversal? Follow Mige—Mige will help you decipher the main players’ cards!

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