Bitcoin (BTC) dropped nearly 50 percent in one day with one of its biggest sales last week. However, according to Glassnode data, HODLers are now returning.
Analyzing Bitcoin’s data on the blockchain, the firm realized that the “HODLer Net Position Change” model, which helps determine when whales sell and buy BTC, flashes green after the brutal price breakdown. This means that long-term HODLers follow one of the main principles of contract investments: buying more when there is blood on the streets. So this means that long-term traders are accumulating BTC at the bottom and increasing their positions. Recently, CoinMetrics has determined that short-term owners selling at a loss are the main force behind Bloody Thursday.
https://twitter.com/glassnode/status/1239992027489714178?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
Stable coins did not experience the inability of Bitcoin to function as a safe haven during the coronavirus pandemic. For example, Tether (USDT) supply increased to $ 5.3 billion. However, according to Bitcoin Core developer Jimmy Song, when investors decide it is the right time to buy from the bottom, all this money will eventually return to Bitcoin. As of now, the market is in wait and see mode.
https://twitter.com/jimmysong/status/1240143680729735172?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.