Bitcoin Investors Are Avoiding Selling

The average on-chain transfer amount on the Bitcoin (BTC) blockchain is significantly below the 2021 peak. According to Glassnode data, this indicates that investors are avoiding selling their BTC and are expecting high prices. Economic Activity Slows Down Despite the record levels of Bitcoin price, the slowdown in real economic activity on the blockchain shows that investors are avoiding selling. Data from Blockware Solutions analysts indicates that the average on-chain transfer volume is well below the levels seen during the 2021 bear market. The current rise in Bitcoin price is believed to be driven by Wall Street’s interest in Bitcoin ETFs and the spot volume concentrated in ETFs. However, the low on-chain volume shows that investors are holding onto their BTC with expectations of further price increases. Long-Term Investors Act In particular, the increased activity rate of Bitcoin supply from 3 to 4 years ago reflects the strong belief of […]

Bitcoin Investors Are Avoiding Selling

The average on-chain transfer amount on the Bitcoin (BTC) blockchain is significantly below the 2021 peak. According to Glassnode data, this indicates that investors are avoiding selling their BTC and are expecting high prices.

Economic Activity Slows Down

Despite the record levels of Bitcoin price, the slowdown in real economic activity on the blockchain shows that investors are avoiding selling. Data from Blockware Solutions analysts indicates that the average on-chain transfer volume is well below the levels seen during the 2021 bear market.

The current rise in Bitcoin price is believed to be driven by Wall Street’s interest in Bitcoin ETFs and the spot volume concentrated in ETFs. However, the low on-chain volume shows that investors are holding onto their BTC with expectations of further price increases.

Long-Term Investors Act

In particular, the increased activity rate of Bitcoin supply from 3 to 4 years ago reflects the strong belief of long-term investors. Most analysts predict that the price of Bitcoin will reach below six-digit figures in the coming months and exceed $150,000 in the long term.

In the last 24 hours, Bitcoin’s market value has risen by 3.57% to $1.32 trillion, trading at $67,260. These data indicate that current market conditions continue to reflect investors’ trust in BTC.

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how to buy crypto?
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