Medium-term Bitcoin (BTC) investors are draining their reserves. The supply of unspent Bitcoins for at least 1 year has reached record levels.
According to data from on-chain data and research company Glassnode unspent Bitcoin supply for at least 1 year to 12.54 million reached an all-time high. circulating in the market 19.1 million average of supply to 65.77% The corresponding supply of medium-term investors means that the selling pressure in the market is now more than tourists. from investors indicates that it has occurred. Sale of medium-term investors often seen as one of the signs of a bear market. However, on the other hand, in theory, the peak of the sales of medium-term investors is the result of the downtrend as there will be no sellers in the market. to the bottom thought to be coincidental.
in graph2015 and 2018 As seen in the decline not spent for at least 1 year The peak of the Bitcoin supply, with the bottom of the declines similar seems to happen over time. In addition, in the last 1 year, Bitcoin 60% Considering that it has lost value, it is possible to pay the operating costs of the sellers who dare to sell despite this depreciation. miners and trying to create liquidity funds is thought to be.