Is it time for long-term BTC savers?
When bearish periods arrive it is a sign of investment, this is what many experienced investors expect from the different markets, of course, everyone adapts to the market and investment intention that they like or have more experience, this aspect always offers greater security when investing, if we move to the world of cryptocurrencies we know that in recent months this market is immersed in a period of low prices, which many consider a cyclical behavior.
From this point of view, many are the analysis raised, despite a slight rebound of the traditional stock markets, BTC continues to lateralize, generating expectations of all kinds, something that makes us be alert in the search for all kinds of information both technical and fundamental, to guide us as best as possible on the near future of the bitcoin price, meanwhile, many investors have to decide under their own criteria according to the information analyzed the behavior of the cryptocurrency market.
For some analysts the past bull market was interrupted by global phenomena, such as inflation, pandemic, and even war conflicts known to all, realities that in one way or another have impacted the price of BTC, the truth that this period of bear market has motivated and increased the volume of BTC in the hands of long-term investors, so much so, that since 2015, this type of investors did not reach three quarters of the total supply of BTC.
Therefore, for this year 2022, this type of investors have BTC savings since May of this year, highlighting, that only those who own BTC between a lapse of 1 to 2 years are in negative, or loss in relation to the price when they acquired it, of course, these losses are not counted until the moment they get rid of their investments, meanwhile, they will continue waiting for the rebound in the price of BTC.
In relation to the lateral behavior of the BTC around 19 thousand dollars, and in a market with little or low volatility, makes long-term savers maintain their position not to sell, for market analysis experts, they see this positive behavior, as they express that these long-term holders are people with experience in the market, as they link their action with the historical behavior of the market, because they have seen different phases of the crypto market.
In conclusion, it could be said that these savers are long-term Holders type investors, and that they give their strong support to BTC, which makes many analysts express that this type of behavior is very important in those bearish periods, let's wait if this percentage of BTC in long-term savers is maintained and even increases and how it impacts on the near, medium or distant future of the price of the queen of cryptocurrencies, BTC, and with it, this entire market.
Until another opportunity my dear friends.
Hi looks like the BTC can only be suppressed only so much in this bear phase.
Hopefully this would be the bottom and from here something would trigger a bull phase let us see what that trigger is gonna be.
Let's hope so, thanks for your valuable comment. Greetings.
Bitcoin's lateral behavior around $19,000 and low volatility has encouraged long-term holders to hold onto their positions and not sell. These experienced investors are reportedly linking their actions to the market's historical behavior and believe in the strength of BTC in bearish periods. Analysts view this behavior positively, as it shows strong support for BTC. It remains to be seen if the percentage of BTC held by long-term holders will continue or increase, and how it will impact the future price of the cryptocurrency.
You are absolutely right, thanks for providing your excellent analysis, cheers.