According to CoinMeta, chain analyst Murphy pointed out that as of October 31st, the total supply of BTC short-term holders was 2.2353 million coins, of which 1.147 million were in a state of floating loss, accounting for 51.3%. The holding costs of short-term holders showed a bimodal structure: 1.145 million coins were concentrated in the high-cost range of $78,000 to $86,000, and 556,000 coins were concentrated in the low-cost range of $60,000 to $65,000. In September, the average daily net reduction of low-cost chips was 6,733 coins, which slowed down in October.