More crypto-Wallets, as well as an increase of investors in the market to interpret.
On the basis of the increase in the number of addresses with an inventory of under 0.1 Bitcoins, it shows that the majority of small investors use the current price decline to Expand their holdings.
Although the bears push prices currently at the lowest level after the Halving, the market, the price level apparently as a cheap incentive to buy. This is true especially for retail investors, their Budget only allows for the acquisition of Satoshi units. The technical term means part of the amounts in the area below a BTC.
Almost 12% of the Bitcoin price dropped in the past two weeks. On Monday, it reached its preliminary Low at 8.630 US Dollar. There, he found himself gradually to his latest High-around $ 10,000 USD.
In fact, the decline of small investors has been recognized from Chance. This can be seen clearly in the Form of the rise of Bitcoin addresses with an inventory of a maximum of 0.1 BTC
In the home Glassnode it is, the number of BTC addresses increased 8.478.746. This metric is also confirmed in the case of addresses with a volume of 0.1 or less, where the number has risen in the past few months, cumulative. In this area, the network reported, with 3.053.004 addresses a new all-time high.
After Glassnode-a rise of purchases by small investors was in the weeks after the Halving and reducing the Block reward to only 6.25 BTC recognizable.
Also, the number of Ethereum addresses increased in the past few weeks. Currently you have reached the limit of 40 million thanks to the positive mood on the market. 22. May was the number of addresses, with 100 Ether or more 47.722. This is once again an all-time high, despite the current Price war. The crypto-currency had more than 80 % of their value lost according to the price all-time high in January of the year 2018.
New Phase of accumulation
For a while there were institutional investors who were trying to increase their Bitcoin holdings. One way or the other is the increase of the addresses with less than 0.1 Bitcoin that private investors seek, in turn, a build-up of inventory.
In particular, in the context of the price decline, Bitcoin can be bought,can be primarily based on the fact that the crypto Community is a very good things in terms of profit potential for the coming weeks. If history repeats itself, could be up by the end of this year, a new upward trend in the house. 2021 may recover the course then continues through a renewed rally.
Nevertheless, the increase does not mean the addresses with crypto-currencies, automatically, that in fact more people to buy coins. Because traders can, of course, also use multiple Wallets. Nevertheless, despite everything, speaks to an increase in purchase volume as a whole.
Meanwhile, from Reddit’s co-founder Alexis Ohanian, believe that the increase in deposits in the crypto world coming increases in the price of the crypto currency market suggests. Yahoo Finance Live to Ohanian said, Bitcoin had come “to stay”. At the same time, he revealed:
“I’ve invested for some time a percentage of my assets in the crypto market, and also feel continue to be well in order. I don’t have to change too much at this practice.“
To the beginning of the month billionaire Paul Tudor Jones, advised to buy Bitcoin. He called this the best way to protect against a rise in Inflation.
