Glassnode: “Long-Term Bitcoin Investors Collect BTC on the Drops”
There has been a sharp decline in the crypto money industry in recent years. These declines seem to have caused crypto investors to move away from the markets and blunt their interest in crypto assets. Although short-term investors are losing interest in the crypto sector, long-term investors see the recent movements of the leading cryptocurrency Bitcoin (BTC) as an opportunity. According to Glassnode, a successful data provider, long-term Bitcoin (BTC) investors have chosen to increase their crypto holdings while the BTC price drops.
Blockchain analytics firm Glassnode has studied wallets holding crypto assets for more than six months. According to this data, the net amount of BTC in wallets turned positive in April and started to increase rapidly. Citing the increase in the network, Q9 Capital, a crypto investment platform, quoted the following in an email:
Long-term BTC holders are increasing their positions, proving that investors see the recent pause in price action as an opportunity to acquire more BTC.
The fact that long-term investors are buying Bitcoin may enable the leading cryptocurrency to rise volatilely in the future.
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