The number of Bitcoins that did not move in Bitcoin wallets and where no transactions were made exceeded 12 million, making it about $ 100 billion compared to the current market value of the leading crypto currency.
Despite the decline in Bitcoin, which went above $ 13,000 in the middle of last year but then went down to $ 6400, it is remarkable that whale accounts did not divest the leading crypto currency.
A Beautiful Indicator
Analysts say this increase is a very positive indicator for Bitcoin in the long run.
In the short term, Bitcoin price will move according to the trend in futures. At this point, platforms such as BitMEX and Binance Futures play a major role.
On the other hand, the fact that more than half of Bitcoin’s total circulation has not been moving for more than a year shows us that investors continue to see the leading crypto currency as a long-term investment instrument despite the downturn and the difficult process.
The leading crypto currency, Bitcoin, is currently trading on the $ 7900 band, with an increase of approximately 4.5 percent.