ביטקאָין האָדלערס זענען נישט גרייט צו פאַרברענגען בייַ נידעריקער פּריסעס ווייַל רובֿ קאָינס בלייבן אַנטאַטשט

Despite the bearish momentum experienced in the Bitcoin (בטק) market, long-term hodlers remain steadfast because they are not selling.

מאַרק ינסייט שפּייַזער Glassnode דערקלערט:

“Over 80% of the total USD denominated wealth invested in Bitcoin has been hodled for at least 3-months. This signifies that the majority of the Bitcoin  supply is dormant, and hodlers are increasingly unwilling to spend at lower prices.”

מקור: Glassnode

This correlates with the fact that Bitcoin’s balance on exchanges recently ריטשט a 4-year low. BTC leaving crypto exchanges symbolizes a hodling culture, given that coins are often transferred to cold storage and digital wallets for future purposes other than speculation. 

Therefore, hodling continues to be a favored strategy in the Bitcoin market.

On the other hand, signs of a Bitcoin bottom have not yet popped up, despite the leading cryptocurrency continuously consolidating around the psychological price of $20K.

מאַרק אַנאַליסט אונטער די פּסעוודאָנים טאַדזשאָ קריפּטאָ שפּיציק אויס:

“No one knows what price Bitcoin will bottom, but after Bitcoin hit $17K on June 18th, Bitcoin hasn’t retested that level. There’s no guarantee that $17K is the bottom, but Bitcoin has dropped massively and could bottom at any point and start reversing. Many will be taken unawares.”

Glassnode recently shared similar sentiments that more time was needed for a resilient bottom to be formed. The market insight provider סטייטיד:

"פאר אַ בער מאַרק צו דערגרייכן אַ לעצט שטאָק, די טיילן פון קאָינס געהאלטן אין אַ אָנווער זאָל זיין טראַנספערד בפֿרט צו די וואס זענען די קלענסטער שפּירעוודיק צו פּרייַז, און מיט די העכסטן איבערצייגונג."

Glassnode believed that most BTC held at a loss had to be transferred to long-term holders for an ultimate floor to be formed.

Bitcoin oscillated around $21,395 during intraday trading, according to קאָונמאַרקעטקאַפּ.

דערווייַל, די ביטקאָין בליץ נעטוואָרק האלט סקיילינג כייץ נאָך שלאָגן a new all-time high (ATH) of 4,208 BTC. 

מקור: Glassnode

The growth witnessed on the Lightning Network is happening amid Bitcoin’s price being on shaky grounds, suggesting that the development for adoption continues to take shape. 

בילד מקור: Shutterstock