Glassnode a trend is discovered. A lot of investors and traders to pick up in the last three months of their bitcoins from the exchange is finished. It will be moved to their own wallets.
Contents
Be ready with the trade
That is becoming more and more bitcoins in your own control, that can mean two things. The first of these is that the investors of their bitcoins are going to spend on the goods, the second is the most likely explanation is that investors are not going to their bitcoins on short-term trading. Use a different word for the second statement, it is hodl.
But why is this happening right now? This may have to do with the block halving?
Over the past three months, decrease in
Glassnode the data from the various exchanges, and the blockchain will be analysed. The bottom line is that the number of bitcoins on the exchanges over the past three months has fallen. Computer programs can be sent to the exchange, in order to be acted upon. That does not necessarily have to be done, but you can also get a buy or sell order to set it as your preferred currency for a certain price deal.
The coins are then returned from the trade show for them in the wallets to the store. In the last few months, it seems there is one more and more, hodl it.
“Investors are withdrawing #Bitcoin from exchanges – potentially indicating a shift to longer-term holding strategies.$The BTC balances have fallen nearly 10% from the highs seen in January.https://, etc.co./mMVqCQmkax pic.twitter.com/wccnWnM4ka
— glassnode (@glassnode) – April 14, 2020
Halving another for a month
This may have to do with the halving. This will be made within a month. A lot of investors expect that the halving will have a positive effect on the market price of bitcoin. It is not for nothing that the theory of PlanB on, a stock-to-flow, are so popular.
Last week, the halveringen of bitcoin cash, bitcoin is the SV. This may have implications for the market, especially as the miners are from one currency to the other currency in the swap. In addition, the economy as a whole is in a downward spiral that ended, the unemployment rate, and there is still no solution for the corona virus.
Under these circumstances, it seems to hodl, and from the sidelines watch as a safer option.
Not everyone is convinced of the fact that half going to be good, for the price of a single bitcoin. Analysts at Strix Leviathan looked at last year, for the previous halvings of a variety of cryptocurrency’s. When they came to the conclusion that computer programs in which the reward is cut in half, not to perform better than the rest of the market. This is true for the run-up to the halveringen, if any, the period of time after the halving.
Not your keys, not your coins
There may be some other explanation as to why the investors have their coins on the markets pick up. In the past, there were a lot of exchanges are vulnerable to hacking. However, there has been a long time not post about the hack on the stock markets, so that any anxiety does not seem to be dictated by recent events.
It is interesting to consider this trend and to keep an eye on, even after the halving.