Analyst Murphy reports that long-term holders transferred 32,000 BTC to trading platforms between October 7 and 8, including 17,200 BTC moved by the US government to Coinbase Prime. Excluding that special transfer, the remaining 14,800 BTC came from coins aged 6-12 months and 3-5 years. Daily LTH inflows of 2,000-3,000 BTC are normal during a bear-to-bull transition, and the market should watch for coin turnover.