Data points out Bitcoin investors, long-held lines (HODL) buy coins during the price drop.

According to data from blockchain analytics firm Glassnode, which has been collecting Bitcoin trading data over the past 30 days, there has been an increase in long-term Bitcoin investors holding more than six months.

According to the data, investors have been increasingly holding Bitcoin since last April. And there has been a trend for investors to hold Bitcoin more long over the past 4 weeks.

Recently, more investors are buying Bitcoin than ever before. And started buying more and more during October 2021, showing that investors believe that in the long run, the price of Bitcoin will level up.

“The increase in long-held Bitcoin investors buying Bitcoin suggests that investors are waiting to buy Bitcoin when the price is low,” Q9 Capital platform said in an email.

Glassnode warns long-term investors who hold Bitcoin without selling or transacting for at least 155 days.

Bitcoin Price Movement

Data from Coindesk reveals that Bitcoin price rallied above $31,000 on April 14, its highest point since July 2022. After that, Bitcoin price dropped below $27,500 while the Nasdaq stock market gained more than 2% since the session. mid april As for the stock index, the S&P500 rose just 2% over the same period.

The Bitcoin price generally follows the direction of the stock market. When the stock market crashes, it is possible that the price of Bitcoin may follow.

Bitcoin price is currently at 27,425.31, down 2.6% over the past 24 hours. Reference information from CoinGecko

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