Investors are not in a hurry to part with their $BTC at current prices, our experts explain the reasons why
The average value of transactions on the BTC blockchain has decreased significantly from its 2021 peak. And recorded during the bull market. About it writes CoinDesk citing reports from experts.
"There are very few funds moving within the blockchain. And that is a sign of low liquidity and unwillingness of investors to sell their cryptocurrencies." This is also what Blockware Solutions analysts wrote in a newsletter "No one wants to sell," the experts added.
According to data from analytics company Glassnode, the average bitcoin transfer volume over the past two weeks was less than $200,000. In 2021, during the cryptocurrency market bull market, this figure often exceeded $1 million.
Experts attribute the decline in transaction volume to the concentration of spot market trading in exchange-traded funds (ETFs). In addition, other market indicators indicate that the share of bitcoins. Which have not moved online in three to five years, continues to grow. And long-term holders are in no hurry to sell their assets, expecting further growth in the BTC rate.
Prospects for BTC price growth
Our experts note that Blockware analysts predict. That in the coming months the price of bitcoin can grow to six-digit values. And the historical maximum may exceed $150 thousand.
Strong price growth will catalyze a sharp increase in transaction volume. Investors will start taking previously purchased coins to exchanges for sale, increasing the liquidity of supply - according to Blockware analysts.
The low volume of network transactions at the moment indicates that the market lacks sellers. Who are ready to part with cryptocurrency at the current price.
