Increased consumer activity is seen from mid-2023 to mid-2024, indicating a strategic move before prices halve.
Thanks to massive purchases from #MicroStrategy and #Tesla , interest in #bitcoin resumes in 2020.
Recently, the Bitcoin price has seen a notable drop, reaching a high near $66 in early May and temporarily dipping below £70,000. As the price of Bitcoin has fluctuated, the way investors buy and hold bitcoin has also changed markedly.
Analysts have noted that many are increasing their Bitcoin holdings in anticipation of the price halving in 2024. This trend shows that investors are becoming increasingly confident, preparing for a possible doubling of the price after that event.
According to Cryptoslate's tweet, past data analyzed by Glassnode shows a clear picture of how investors have bought and sold bitcoin over time, reflecting changes in market sentiment and strategic investor behavior over the years.
Read us at: Compass Investments
