- Jul 28, 2020
- 20
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There is a tendency to accumulate BTC in the cryptomarket, according to Delphi Digital analysts. They found that this year the time horizons of digital coin holders have increased.
In 2020, Bitcoin is in a more stable upward trend than last year, according to a new report by the analytical company Delphi Digital. Experts have found that this year the balances of cryptocurrency exchange wallets continued to fall, despite the rise in the price of the main digital coin. This suggests that traders and investors, selling the asset, put less pressure on its quotes, Cointelegraph.
“This indicates a more stable upward trend in bitcoin compared to 2019. The data indicate that the time horizons of crypto holders have increased,” — experts believe.
Over the past 6 months, the balance of crypto-exchange wallets has fallen from a historical high of 2.96 million BTC in late February to 2.59 million BTC in mid-September. Then the cryptocurrency was traded at the level of $9580, now it costs $10,430. Delphi Digital emphasized that when the rate of crypto is growing and its stocks on the stock exchanges are decreasing, it indicates a tendency to accumulate an asset.
In 2020, Bitcoin is in a more stable upward trend than last year, according to a new report by the analytical company Delphi Digital. Experts have found that this year the balances of cryptocurrency exchange wallets continued to fall, despite the rise in the price of the main digital coin. This suggests that traders and investors, selling the asset, put less pressure on its quotes, Cointelegraph.
“This indicates a more stable upward trend in bitcoin compared to 2019. The data indicate that the time horizons of crypto holders have increased,” — experts believe.
Over the past 6 months, the balance of crypto-exchange wallets has fallen from a historical high of 2.96 million BTC in late February to 2.59 million BTC in mid-September. Then the cryptocurrency was traded at the level of $9580, now it costs $10,430. Delphi Digital emphasized that when the rate of crypto is growing and its stocks on the stock exchanges are decreasing, it indicates a tendency to accumulate an asset.
