Investors who buy bitcoins for the last month are massively selling cryptocurrency and fixing losses, Cryptoquant’s analysts reported.

According to experts, this behavior of investors should be considered a positive factor, and not a sign of an impending recession.

“The elimination of an excess supply by frightened sellers makes the price structure much more stable. Such a shake, albeit painful for buying at the peaks, is precisely the process that forms strong support for the next growth, ”Cryptoquant experts explained their point of view.

Thanks to such surrender of new investors, the first cryptocurrency is under control of more experienced, thereby strengthening the support of bitcoin.

For experienced traders, the correction of bitcoin is not catastrophic, they do not respond to the drawdown and continue to hold their positions on the market, analysts assured.

Earlier, the American economist and cryptoqueptic Peter Schiff, who received the nickname “Golden Beetle” for support for investment in gold, suggested that Bitcoin could collapse to $ 75,000.