Since March, the number of wallets holding at least 1 Bitcoin has decreased by about 2.2%. This may seem concerning at first glance, as a decrease in the number of full coin holders typically raises discussions about their distribution or the withdrawal of weak-handed investors.
But here’s the important paradox:
The wallets that remained did not just freeze their investments; they aggressively accumulated. These holders collectively added 136,670 Bitcoins to their wallets. This is not a panic sell-off but rather seems to be a sign of confidence.
This behavior typically indicates the exit of small investors, while stronger and more confident investors quietly increase their investments. This often happens during periods of price stability, fluctuating sentiment, and a shift in attention to other areas.
From a market perspective, this could be beneficial. The transfer of coins to fewer strong investors reduces short-term selling pressure and sets a foundation for future movements. Long-term investors see clear value in this situation.
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