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#六月行情震荡不休,七月BTC走势怎么看? #How will BTC perform in July after June's volatility? These investors provided some clues as to whether the bull market in Bitcoin has ended
According to the latest data, investors who have held Bitcoin for more than 7 years will not transfer to the exchange.
An author at CryptoQuant observed the selling behavior of long-term Bitcoin investors in his analysis. The platform is about on-chain data and analysis.
According to sharing, long-term investors who usually hold Bitcoin for more than 7 years are transferring to exchanges during the bull market.
These investors, especially during the last bull market from 2017 to 2021, transferred a large amount of their Bitcoin to the exchange.
Analysts say that under current market conditions, the relevant group of investors has not transferred their Bitcoin to exchanges. This indicates that long-term investors expect a stronger bull market.
Bitcoin and cryptocurrencies have always been very sensitive to the behavior of this long-term investor community.
As these investors have not yet transferred their funds to the exchange, it is believed that we have not yet reached the peak of the bull market.
Stay tuned for new information