Judging from the data of Bitcoin (BTC) and Ethereum (ETH), investors are accelerating to leave the market, but the sentiment of traders on the market is still good. Although not all funds have exited the market, there are still funds waiting for the opportunity to buy, and these funds are transferred to exchanges to wait for the opportunity. The trading volume in the last two days shows that the buying volume is not high, while the selling volume is small. This is mainly because spot investors no longer pay attention to short-term price changes, and more investors aim for long-term holdings. According to the current narrative, good news is expected to appear as early as 2024.

According to data as of 8 o'clock this morning, there are 14,848,352 BTC that have not had an address change in the past 155 days, accounting for 76.13% of the total circulation. That’s an increase of 20,000 coins compared to last week, but at a slower pace than two weeks ago. This may mean that fewer investors bought BTC five months ago with the intention of holding it for the long term, or that long-term BTC holdings have shown signs of reduction in the recent week.