Bitcoin Maintains Stability Despite the Decline: "No One Sells BTC!" - Coin Bulletin

robot
Abstract generation in progress

Despite the decline in Bitcoin, short-term investors are selling at a loss.

Inflation-driven fluctuations in the cryptocurrency market have affected investors' behavior. According to Glassnode data, sales volume started to decline at the expense of short-term investors. At the beginning of February, this selling volume was 5,500 BTC, but now it is 3,800 BTC.

Behind August peak

Despite the increase in volume of sales at a loss in February, it fell significantly behind the peak of 7,500 BTC reached in August. This situation indicates that investors experienced less panic in the recent selling wave. According to Glassnode, this trend shows that the market is more resilient compared to past periods.

On the other hand, there is a remarkable calm among long-term investors. The sales with an average of 500 BTC per week on an annual basis have dropped to 0.01 BTC recently. The steady stance of long-term investors contributes to the stability of the market.

BTC0.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)