Despite the disturbing market conditions, Bitcoin has been placed with a higher price sign of $ 103,000, indicating its strong ability and the strength of its last upward direction. After a slight decline in the price of bitcoin, Durable btc investors They offer a disturbing direction as they increase their acute spending.
Bitcoin coin are increasing in the long run
Several technical indicators indicate the continued direction of the upward bitcoin despite a slight decline on Wednesday. Since the leading assets are preparing for another crowd, Glassnode, a financial data platform, is a pioneering chain, Underneath A major transformation between long -term BTC holders, often considered experienced investors.
After a period of fixed accumulation and fishing behavior, BTC holders in the long run It showed frequency with price growth. This reference has sparked a frequency of concerns about Bitcoin’s Uptrend And whether these investors have begun to reassess their positions in response to prices.
Glassnode highlighted that long -term supplies have retreated from the second consecutive time in May, indicating an increased and weak condemnation among veteran holders. This decrease comes after the supplies of holders of 13.66 million BTC rising in mid -March to about 14.29 million BTC.
The platform was revealed on the series as well BTC holders in the long runIt has witnessed a noticeable increase spending, as it rose to a scope of 0.43 as shown in the bilateral indicator scale of LTH in the time frame for 7 days. Consequently, Glassnode has informed the development that it needs a close note because this accession can be condensed quickly, which often leads to local market peaks.
Although the decrease of Bitcoin LTH supplies may not yet indicate weakness, it adds a level of complexity to the renewable movements of the original. If the direction continues, it is possible that it will affect BTC directionWhich leads to a short -term correction.
The price of the BTC holders grows in the long run
In another a report On the X platform, Glassnode drew attention to the high price of BTC holders in the long run. After examining the long/short -term bitcoin holders on the basis of the chain, the scale shows that LTH’s Checked price It increased to the level of $ 45340, indicating an important turning point that highlights the increasing condemnation of experienced investors.
It has increased continuously, bitcoin holders in the short term in the short term, which represents the average cost of purchasing for bitcoin for 155 days or more, indicating that long -term holders accumulate steadily in origin at higher levels of prices. According to Glassnode, this reflects the aging of the metal currencies purchased between 90,000 dollars to $ 100,000 the price range that moves to a long -term condition.
With 155 -day pieces, the scale shows that BTC Buyers are now classified from December 24 as long -term holders, gradually raising the basis of the group cost. A steady rise in the basis of the cost of the regiment supports the thesis that experienced investors are still optimistic about the future performance of BTC.
Distinctive photo of Pixabay, Chart from TradingView.com
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