Among the positive factors, the expert identified a decrease in the reserves of the first cryptocurrency in centralized crypto -rhms. Over the past week, reserves decreased by about 2.88% – from 2.43 million to 2.36 million BTC.
According to the expert, the dynamics indicates that the pressure of the asset sales by retail investors decreases, reflecting the conviction of market participants in the value of bitcoin as a means of savings.
“This is confirmed by the purchases of bitcoin and an increased influx of capital, strengthening long -term confidence. These trends are not isolated from each other. Together, they reflect a structural shift in behavior, when long -term confidence prevails over short -term speculations, ”the analyst explained.
The implemented capitalization of bitcoin demonstrates the record: the indicator has reached a new historical maximum of $ 934.88 billion. A balanced distribution of coins among investors is observed, the expert said.
Now the bitcoin market is in search of a macrigger who will help to form a powerful bull impulse and prepare the asset to achieve a new historical maximum, summarized the specialist of Cryptoquant.
Earlier, the experts of the Cryptoquant platform said that the Hash Ribbons indicator, reflecting the periods of stress in the Bitcoin-Mining market, for the first time after last year’s halving pointed to the end of the so-called “miners surrender”.
Source: Bits
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