Crypto investors are actively accumulating their savings, waiting for the explosive growth of bitcoin.
Almost half of the existing BTCs have not moved out of wallets in the past two years.
The March collapse seemed to be a good opportunity to buy for long-term investors.
Reducing rewards to miners is just around the corner. Presumably, halving will happen already on May 12, because of which the level of bitcoin inflation will drop by half.
Many analysts believe that it is precisely the supply shortage that will affect the significant increase in the Bitcoin exchange rate.
According to the analytical resource Glassnode, over the past few weeks, a number of metrics show that more and more cryptocurrency investors are actively building up their positions in bitcoin.
It is noted that almost 43% of all BTCs that are in circulation have hardly moved out of wallets over the past few years.
For the long term
Over the past year, this figure increased by 10.4%, and despite the fact that in March there was one of the largest market collapses in history, a drop in bitcoin prices had virtually no effect on the position of long-term hodlers.
In addition, the change in the “clean” position of the scammers remained positive even despite the fact that in mid-March bitcoin sharply dipped by more than 30%. This suggests that investors who invested in the long-term, not only continue to adhere to their plans, but also earned on cheaper Bitcoin, increasing their position.
Mood change
Just a month after the March crash, the number of bitcoins purchased for the long term reached record highs of 2,037,503 BTC in just eight days.
It means that:
Traders who bought bitcoin during the March collapse hold on to their new positions;
As the market recovered, broader changes took place in the mood of market participants - medium-term and long-term investment strategies became favorable again.
Earlier, the BeInCrypto editors wrote that the number of investors owning from 100 bitcoins reached a record mark of 14,536 wallets, gaining 4.3% compared to last year.
Despite the instability and uncertainty in both traditional and cryptocurrency markets, statistics indicate an optimistic view of investors regarding the upcoming halving.
At the time of writing, BTC / USD is trading at $ 7708.
What do you think? Will Bitcoin be able to experience the cryptocurrency rally after halving, or is the community waiting for another cryptozyme? Share your thoughts with us in the comments.
The community is really waiting for cryptozyme