en.bitcoinsistemi.com
Bitcoin ($BTC) has experienced consecutive large drops, and further price declines are expected. However, whales have started buying.
One of the biggest reasons cited for the drop in Bitcoin’s price, the selling by long-term Bitcoin investors, is giving way to buying.
According to Bitfinex analysts, long-term $BTC holders are starting to accumulate again.
Bitfinex, in an analysis published on its official X account, stated that Bitcoin long-term holders (LTH) have started to see their assets rise again after several months of decline.
According to Bitfinex, the total long-term investor supply of $BTC, which had fallen to 13.8 million units in recent months, has risen to 14.3 million units.
According to analysts, these data suggest that the market peak in October and the subsequent decline may be a mid-cycle correction.
Bitfinex analysts note that LTHs have historically been driven by increases in total $BTC holdings.
According to analysts, LTH accumulation has occurred approximately three to four months before $BTC price increases in past bull markets. Historical data shows that long-term investors begin buying Bitcoin before the price rises. The price of Bitcoin then increases approximately 3-4 months after these purchases.
In this context, Bitfinex added that if this LTH accumulation trend continues, it would support the view that the current market is undergoing a correction within a broader cycle rather than falling from a definitive peak.
*This is not investment advice.