The cryptocurrency market has been bothering investors a lot lately. The market, which has not moved in recent months, made its first move downwards, and amateur investors got out of hand. However, the data shows that long-term Bitcoin investors continue to accumulate despite the recent price movements.
Bitfinex analysts stated that long-term investors continue to accumulate BTC and do not use it for active trading. According to exchange data, 40% of long-term holders have not been involved in Bitcoin trading for more than three years. The group in question prefers to keep their cryptocurrencies in wallets.
Analysts have found that since March 2023, long-term investors have been saving consistently. However, investors who have entered the group in the last 1 year are more interested in Bitcoin trading.
While the sluggish market has wreaked havoc on short-term investors, experts point to the end of the situation. JPMorgan analysts, who shared a report on the crypto money market at the beginning of the week, underlined that negative developments for Bitcoin will have a “limited” effect from now on.
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