The growth of the bitcoin course was caused by the interest of large investors who are now fixing profit – however, the first cryptocurrency retains the growth potential, the Cryptoquant platform experts say.

According to analysts, over the past two years, retail investors have mainly engaged in the sales of the first cryptocurrency. Since the beginning of this year, a trend has been formed to accumulate an asset by investment funds and large companies.

“Such players usually form long -term positions, having a high level of confidence in the further growth of the coin that retains the potential for the rally,” Cryptoquant experts said.

While requests for the word “Bitcoin “
Google Trends remain at a relatively low level. There are no signs of significant hype among the audience of the largest search engine, as it was in 2021, there is no it on social networks, analysts said.

Now private investors are standing aside, but at any moment they can return to the market again and provoke an increase in quotations. Now the market state can be described as wary, but not panic, Cryptoquant experts say.

Probably, over the next month, it will be more accurately determined which trend will choose the first cryptocurrency – correction or smooth growth, analysts concluded.

Earlier, Sygnum experts said that bitcoin reserves at large centralized sites have decreased to 2.3 million BTC, which has become the lowest in 2018.