Bitfinex: During the decline of Bitcoin from $87,000, long-term holders almost did not deposit coins to the trading platform

Bitfinex stated that Bitcoin typically transfers to trading platforms before being sold, but during the drop of BTC from $87,000, there was almost no behavior of Bitcoin held for 6 months or more.

Data shows that nearly all Bitcoin flowing into trading platforms recently has only been transferred in the past week. Bitfinex pointed out that true market capitulation usually requires long-term holders to start transferring and selling their chips, but there are currently no signs of this.