Long -term Bitcoin investors firmly maintain their positions despite the recent drop in prices at $ 76,600, their lowest level in four months. This persistent confidence, documented by new research, suggests a deep conviction in the resumption of the Haussier market.
The fall of Bitcoin does not fulfill the confidence of holders
Long -term Bitcoin (LTH) holders have shown exceptional determination in the face of the recent market correction. On March 11, the Bitcoin price affected its lowest level in four months at 76,600 dollars.
Faced with this situation, most investors would have gave in to panic while massively selling their assets. However, the data De Glassnode reveal a contrary phenomenon: these experienced investors, who have had bitcoins for at least 155 days, have maintained their positions with a significant reduction in their sales pressure.
This atypical behavior is perfectly illustrated through the indicator of binary expenditure, which measures the intensity of sales by long -term holders. This analytical tool clearly shows a significant slowdown in liquidations, while the bitcoin supply held by these investors begins to stabilize after several months of progressive decrease.
This resistance to sale potentially marks a turning point in the feeling of the market. According to Glassnode, ” This suggests that there is a greater desire to keep the documents than to spend them within this cohort », A behavior which contrasts clearly with the patterns usually observed during the heights of bull markets, characterized by intense profits.
The emergence of new whales transforms market dynamics
In addition to this resilience of historical holders, another remarkable phenomenon currently shapes the market: the aggressive accumulation of bitcoins by new “whales”. These addresses, holding at least 1,000 BTC acquired on average for less than six months, testify to a new wave of massive institutional investments.
THE data cryptocurrency reveal the impressive magnitude of this movement. Since November 2024, these new major players have collectively acquired more than a million bitcoins, becoming “one of the most influential players on the market” according to independent analyst Onchained.
Even more striking, the pace of acquisition has recently been considerably intensified, with more than 200,000 BTC accumulated in a month.
This massive accumulation by new wealthy investors, probably financial institutions or high -value people, represents a fundamental change in the structure of the market. She suggests deep confidence in the long -term potential of Bitcoin, despite current volatility.
The prospects are nevertheless diverge among experts in the sector. While many leaders consider the recent decrease as a “normal correction” preceding a new rally, some like Ki Young Ju, CEO of cryptocurrency, believe that the bullish cycle is finished, providing for “a downward or lateral development of prices for 6 to 12 months. »»
The convergence between the resilience of historic holders and the massive arrival of new institutional investors creates an unprecedented configuration which could announce a single market dynamic for the coming months. This exceptional situation invites to reconsider traditional models of analysis of the crypto market.
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