While short-term investors in Bitcoin sell their assets, long-term investors continue to accumulate BTC.
Bitfinex, a well-established US-based cryptocurrency exchange September 18 In the research report published on From short-term Bitcoin investors to long-term investors a correct one asset flow revealed that it was. In the report, long-term Bitcoin investors’ assets They continue their accumulation policy was expressed.
Bitfinex analysts currently believe that on-chain data is a source of interest for short-term investors. divest assets He said it indicates that he has a tendency to In the report, short-term investors’ current situation in loss and the existence of this situation long term Bitcoin It was claimed that it motivated them to sell to their owners.
It was stated that the price trend since the beginning of the week also reflects this model. Short-term investors bought Bitcoin on Monday and the price increased on the same day. increase around 3% It was emphasized that it went on sale quickly.
In the report, long-term investors are interested in Bitcoin 28 thousand dollars that they started selling at the level and the current situation recovering assets they sold It was explained with the following expressions that they used for:
It is typical for this group that short-term investors act in this way, and long-term investors continue to maintain their tendency to accumulate. Currently, short-term investors are giving back the assets they previously bought from long-term investors because they are at a loss.
Aforementioned long-term Bitcoin investors increase their assets and short term investors Selling early means the bull is approaching. the possibilities of It strengthens.
A post published earlier this week Glassnode report, Long-term Bitcoin investors’ dominance over Bitcoin supply to a new record level extracted and approximately 70% in snow revealed that it was.
World-famous cryptocurrency analyst PlanB stated that Bitcoin is still at the accumulation level and that everything might be just beginning he implied. PlanB also shared details about how long this process could take.