BlockBeats News, December 21st, data analyst Murphy stated that on-chain data has seen signs of sentiment recovery. The number of addresses that transitioned from "holding BTC" to "completely cleared out" within 30 days surged from November 13th to 25th, during which time the BTC price experienced the fastest decline and the largest drop. The significant increase in cleared out addresses also reflects the market's panic and pessimism.However, from December 1st to 18th, BTC repeatedly tested the bottom, the number of cleared out addresses started to decrease, which aligned perfectly with the bullish behavior and sentiment change shown in the futures market.

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