In the course of the year the Bitcoin price even reached its all-time high with a value of 64,863 US dollars. Especially the strong price increases caused euphoria on the crypto market at the beginning of the year, so that as a result new investors entered the market.
On-chain analysis by Glassnode gives insights into investor behavior
More on the subject
- Overview of crypto news: The daily news blog all about Bitcoin and Co.
- Hype about Defi: What you need to know about decentralized finance and how you can benefit
The positive effect of this phenomenon is also expressed by the fact that the Bitcoin (BTC) held is initially not more are available on the market, which in turn affects the available supply on the market.
Santiment notes anomaly on crypto exchanges
Parallel An evaluation by the analysis company Santiment shows that a strong outlier in the movements on the crypto exchanges could be detected on this Monday.
As a reminder: Exactly on this day the “Black-S wan “effect for a massive quake in the crypto markets, with the Bitcoin price collapsing by around 50 percent within 24 hours.
Especially in the next few days, investors should be aware of the movements on crypto exchanges and the activities of large wallet addresses keep a close eye on. At the same time, it can be seen that new investors who entered the market this year are initially holding their BTC.
