Long-term Bitcoin (BTC) investors sold with the increases in price.
In the data transmitted by the on-chain analysis platform CryptoQuant, it was stated that some of the long-term investors who had been holding Bitcoin for more than 6 months started selling when the price rose above 63 thousand dollars.
While it was stated that sales increased in volume especially in the last 2 days, the amount sold by these whales Equivalent to more than 4,000 Bitcoins emphasized. This indicates that the long-term Bitcoin supply is being spent above the average level.Binary CDDIt was also supported by the fact that the ” indicator has been active for the last two days.
Group of investors holding Bitcoin for 6 months to 5 years for 2 days an average of 4,000 BTC every day disposed of it. This activity was likened to the trend observed at the end of February, about a week ago. However, what is more striking is that in the group of investors who hold Bitcoin for 6-12 months, this amount to approximately 18,000 BTC It happened to reach. In the investor group that holds between 2-3 years The data was not included in the analysis because no significant movement was observed.
Bitcoin price after similar whale activity in late February increased from $61,000 to $68,000 Reminding the CryptoQuant front, after this new activity A similar increase may occur hinted.