Bitcoin holders enhance accumulation amid the decline in prices Movements. Will it be a recovery?
I witnessed extreme fear and uncertainty about it Bitcoin Traders, where leading encryption assets face strong pressure on the negative side, caused by unsuccessful market conditions. After a major sale activity due to the continuous low prices, investors again explain the benefit of purchase.
3-6 months of bitcoin holders high
Bitcoin investors have a gradual shift towards an upward state. The data on the series reveal the renewal of accumulation between OwnersNoting the increasing confidence in BTC despite the continuous market fluctuations.
Market expert and researcher with the title Shayanbtc open Development in a quick post on Cryptoquant after going into the CAP UTXO AGE METRIC ( %). The achieved CAP UTXO AGE scan is a useful scale on the series that shows the distribution percentage of BTC based on the time kept.
Shayanbtc highlighted that the percentage of metal operations, which was held between 3 to 6 months, has risen rapidly since the beginning of the year. Looking at the graph, the direction that was seen during the expanded correction in the summer of 2024.
The rise in the regiment indicates the elasticity of the continuous BTC holders, which have not been corrected in the current market. Moreover, this pattern shows the behavior of its retention, where Investors choose to stick to their bitcoin. Instead of selling it.
In the past, this type of flexibility between BTC owners was necessary to create market bottoms and start new upward trends. Since long -term holders continue to add to their property, the quantity BTC in circulatory circulation Limited, which makes the original rare in the market. Meanwhile, when the demand eventually acquires traction, the lack of supply often leads to high prices, and bitcoin is pushing to new levels at all.
In addition, the data indicates that the current condition of Bitcoin Market It is the beginning of the bear market in the long run, but a healthy correction depends on behavior between 3 to 6 months. So far, many players are still thinking about the main assets as a long -term values investment, which supports the possibility of continued rise in the future.
Increase in the degree of BTC accumulation
With investors absorbing more coins, Bitcoin accumulation has become positive. Glassnode, a financial data platform and a pioneering chain I mentioned The main scale rose above 0.1, which reflects the renewed purchase activity during the last declining direction. Data show that BTC The scale of the accumulation of trend exceeded 0.1 level on March 11, and maintained its location over the region since then.
According to Glassnode, the change indicates the onset of accumulation although the distribution still dominates the market. If this trend continues, the BTC market dynamics may be transmitted at the end to AccumulationEnhance its capabilities to recover noticeable prices.
Distinctive image from Unsplash, Chart from TradingView.com
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