[Analyst Says Bitcoin Long-Term Holders' Net Position Continues to Grow] On-chain analyst Murphy (@Murphychen888) monitoring data shows that as of February 26, the net position change of Bitcoin long-term holders continues to grow. From February 13 to February 26, a total of 14,127 Bitcoins held by long-term holders were spent, while 19,798 Bitcoins held by short-term holders were converted to long-term holdings, resulting in a positive net value. This indicates a decrease in market turnover rate, reduced liquidity, and weakened selling pressure.