After the days when the customs tax tensions that shook all markets peaked, the selling pressure on Bitcoin began to decrease.
According to Glassnode, sellers with less than 1 BTC are being drawn in, while those holding between 1 and 100 BTC are withdrawing. In particular, the group with 10 to 100 BTC is showing signs that they may start buying compared to the previous period.
On the other hand, the company emphasized that large investors continue to accumulate Bitcoin. It was stated that this group, which holds 10,000 BTC or more in Bitcoin assets, continues to exhibit a strong accumulation trend and maintains its leadership in the market.
On April 9, Bitcoin, which pulled back to levels around 74 thousand dollars, has been on a recovery trend since that day. The number one cryptocurrency by market capitalization is trading above 84 thousand dollars in the evening hours.
Published: April 18, 2025 19:58
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