Glassnode: scammers continue to accumulate bitcoins


    According to the market analysis by Glassnode, as long as the price of bitcoin before halving increases, long-term investors continue to buy cryptocurrency.

    Glassnode Bitcoin hodler
    Glassnode Bitcoin hodler

    The previous accumulation was observed in January and early February 2020, but after reaching a price of $ 10,000, scavengers sharply reduced purchases, losing confidence in such a high rate.

    After the collapse of all markets in March, hodlers actively bought the bottom in April and continue to accumulate bitcoins even after rising above $ 9,000. This may indicate long-term investors' confidence in the prospect of continued growth in the cryptocurrency market.

    See also  Vitalik Buterin: I did not promise the launch of ETH 2.0 in July

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.