First cryptocurrencies All investment vehicles, including all investment vehicles, had a very troubled summer. In the summer, especially in the US, stock markets swayed, bitcoin It was traded in a horizontal band as it had lost quite a bit of value before.
Data from companies that offer on-chain parameters reveal the latest status of Bitcoin.
According to the latest on-chain data published by Glassnode, although the number of new wallets opened in the Bitcoin network has fluctuated, it has been decreasing in recent days.
While the number of daily wallets was 450 thousand at the end of last year, it has dropped below 400 thousand as of today. This data shows that the number of new investors entering the market is decreasing.
Miners Sell Their BTCs!
On-chain follower CryptoQuant shared a chart of the reserves held by BTC miners.
According to the data, the amount of BTC in the hands of Bitcoin miners has decreased significantly, especially in the last 1.5 months. This means that miners are selling.
Bitcoin Is Now Less Wanted!
The leading cryptocurrency has been less searched in search engines lately than in the past.
The Bitcoin search index to Google Trends data was 83 points at the beginning of last summer, while the index has dropped to 47 as of today.
All financial instruments are frequently searched on search engines, usually during times of extreme rise. This decline is one of the clearest indicators of stagnation in the cryptocurrency markets.
The Bank of England’s announcement that it will temporarily start buying bonds again led to some relief in all markets.
$BTCAs of writing, it is trading at $19,400.
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