Bitcoin long-term holders (holding for 155 days or more) have moved over 65,000 BTC daily over the past two days, which could be a risk-averse movement due to monetary policy and geopolitical risk uncertainties, analyzed crypto analyst Murphy (@Murphychen888). He explained via X, "Approximately 14,000 BTC of the moved volume was deposited into exchanges, including 2,628 BTC deposited by Trump Media (DJT) to Crypto.com. This can be interpreted as a move to avoid risk as recent possibilities of Fed interest rate hikes, prolonged conflict in the Middle East, and inflation variables resurface. Additionally, concerns about overvaluation in the US stock market's AI sector and a concentration of yen carry trade positions are also potential risk factors. If significant movements by long-term holders continue, downward pressure may be exerted on the overall market."
