While the Bitcoin (BTC) price continues to consolidate at the level of 36 thousand dollars, long-term investors continue to buy by taking the declines as an opportunity.
Data and expert comments provided by the on-chain data platform CryptoQuant current status revealed.
According to the data, despite the recent increases in Bitcoin price, those who plan to hold it for a long time He did not sell his Bitcoins.
on the other hand short-term investors most of their Bitcoins sold during fluctuations. But these sales are noticeably lower in price. negative effects did not create. The noteworthy point at this stage is that Data showing that long-term investors are buying Bitcoins that short-term investors are selling happened.
It seems that long-term investors continue to buy, taking advantage of the short-term declines caused by short-term investors.
It is calculated by calculating the difference between the intrinsic value of a cryptocurrency and its market price.Market Value to Realized ValueThe data obtained by the ” (MVRV) method are In a positive zone such as below 2 points is watching.
When MVRV is above 2, this generally means that long-term investors start taking profits, while if it is below 2, long-term investors start taking profits. It is interpreted as having a buying perspective..
Bitcoin is about 1 month Between 34 thousand dollars and 38 thousand dollars It continues its consolidated movements in a band. According to CoinGecko data, in the last 24 hours 1.1% decrease living BTC, at the time of writing from $36,360 is being traded.
