As the overall cryptocurrency market and Bitcoin (BTC) price continue to decline, data indicates that small investors see this as an opportunity.
According to data from crypto analytics company Glassnode November at least per month for 1 Bitcoin The number of account holders has increased significantly, breaking a new record. analysts, price and value He claimed that investors, who know that they do not mean the same thing, evaluate the opportunities.
Experts admit that there is a mass of people who think that there is an end for the crypto money market, which has experienced serious declines as of June and has cracked its credibility with the bankruptcy of FTX recently. not claims. Analysts’ theses, based on on-chain data, can see the potential in Bitcoin’s future despite all the gloom. a large number of investors indicates that.
Especially low-capital investors depend on the price drop in Bitcoin value fallacy Analysts, who stated that they evaluate the old and common mistake means it is. On-chain data platform Glassnode’s statistics on the number of accounts with at least 1 Bitcoin seem to confirm the analysts’ thesis. According to the data shared by Glassnode, the number of investors with at least 1 Bitcoin has reached an all-time high. over 950 thousand is in the situation.
Bitcoin podcast host Jake WoodhouseStating that Bitcoin investors have withdrawn their assets from exchanges and resorted to offline storage methods, he expressed that he thinks these assets will not move for a long time. Billionaire Bitcoin investor Michael Saylor advocates similar ideas. Saylor told people in an article he shared recently. not to worry and have a long-term investment perspective He recommended.
