The rapid growth of the main cryptocurrency did not shake the faith of the long-term holders of Bitcoin in his future. They are still in no hurry to fix profits on this growth cycle, while individual investors who joined the industry recently, much more often make transactions with a coin. According to a chart from analysts, Unchained Capital, which clearly shows the time that has passed since the last transactions of cryptococheries in the network, in 2021 there is an increase in both the long-term and short-term activity of cryptocurrency owners. We tell about the situation more.
We checked the current data: the reason for the accumulation of bitcoins really is. Today, cryptocurrency is estimated at $ 56,895, which is only 2.7 percent lower from the historical record of the BTC course. At the same time, over the past day, the coin managed to overcome 58 thousand dollars line, so that the record of 58,640 dollars and there was a little left.
In general, the growth results of the first cryptocurrency are more than acceptable. For example, in two weeks it grew by 22 percent, while the increase in the course for the last year is equivalent to 1008 percent.
What happens to Bitcoin?
The schedule shows that the number of coins moved from wallets over the past 30-90 days is at the highest level since 2018. These addresses make up more than 15 percent of the total number of wallets and are currently the largest segment of the BTC owners, according to Cointelegraph.
The cryptococheries that remain inactive from three to five years are currently the second largest segment that makes up 13.5 percent of all addresses. The number of these wallets also steadily increased over 2021. It is assumed that in this number a significant part of the people who bought the BTC before 2017 and kept coins for the entire Bear Trend Cryptors.
And then they have more experience and understanding what can happen in the cryptocurrency market further. Therefore, they continue to hold coins and wait for even more suitable time to buy.
While the share of wallets that were not active for 5-10 years have previously reduced over the past year, the number of addresses that were inactive for at least ten years increased from about 1.7 to 10.7 percent in two years.
If you briefly: those who hit the cryptocurrency industry two years ago and earlier, actively sell their coins. Long-term holders, on the contrary, only accumulate bitcoins.
In other words, experienced market players already have an idea of bitch cycles of Bitcoin and their enormous growth potential. They are waiting for the continuation of the upstream BTC movement in the long run, and now there are no factors that would prevent Bitcoin to achieve new historical maxima.
By the way, one of the key triggers for the new wave of rise in price of the main cryptocurrency can be the next round of the distribution of "free money" by the US government. Recently, President Joe Biden signed a decree on the stimulation of the economy in the amount of 1.9 billion dollars. The first large round of the distribution of money was launched in April last year. Read more about this topic in a separate material.
Then the Americans received 1,200 dollars checks. Many of them have invested this money in the cryptomic, which in part gave the BTC to the new bull trend. This investment in Bitcoin paid off itself in full: today, invested today, 1,200 dollars in BTC today would be 10,121 dollars. That is, the amount of profit on investment is more than 750 percent.
And this is not a maximum for the cryptocurrency industry. If the user had invested on April 15, 2020, 1,200 dollars in Etherumer, it would be able to purchase 7.5 Eth. At today's course, it is approximately 13,225 dollars, which means the growth in this case is proportional to 1010 percent.
We believe that the current situation can be called a classic for the coin market. Less experienced traders and holders are more susceptible to emotions, so they are more active with cryptocurrency. At the same time, when the course begins to grow, investors buy the same crypts - but at a higher price.
At the same time, experienced investors use the collaps not for sale and fixing losses, but for the purchase of an asset at a more favorable price. And as they show their results, this scheme works much more efficiently.
Let us hope in April 2021 we are waiting for only a continuation of long-term growth. What do you think about this? Share your opinion in our cryptocat of millionaires.
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