Svmuu News: According to on-chain analyst Murphy, as of February 26, the net position of LTHs continued to show net growth; specific details are as follows (from February 13 to February 26): 1. A total of 14,127 LTH BTC were spent; 2. At the same time, 19,798 BTC from short-term holders (STH) were converted to long-term holdings. After offsetting the gains and losses, the net result remains positive. This indicates that both long-term and short-term holdings have seen reduced turnover, with speculative capital exiting the market and long-term investors holding onto their assets. Although this has reduced liquidity, it has also eased selling pressure.