Bitcoin investors are a very interesting group. Their behavior does not have a strict pattern, there is no order in the way they react. In a way, it compliments the crypto space. This time they don’t behave as the market expects and instead … they do nothing. But why?

Why are Bitcoin investors motionless?

Bitcoin investors hardly move their holdings. One reason could be that BTC grew slowly during this halving cycle. Since the crash in May, BTC growth has been below the second halving cycle. Currently, the BTC price is five times lower than the potential level.

Bitcoin vs. Ethereum Growth Comparison | The source: Ecoinometry

In addition, a solid and profitable market is typically represented by accumulation or profit-taking. This time, however, it is different.

The stock exchange balances show a cumulative decrease to around 2.4 million BTC on September 17th, the lowest level since August 2018.

Exchange BTC credit | Source: Glassnode

Since then, the index has been flat and continues to this day. So the accumulation has been going on for almost a month.

Now it’s not the best, but it’s not the worst either. Although the accumulation slowed down, the balance did not increase, which means that the sales volume did not increase either.

In addition, the liveliness index is at its lowest level since February of this year. The lower the index, the higher the number of bitcoins generated and the fewer old coins are destroyed.

Bitcoin vibrancy | Source: Glassnode

This can be the trigger needed to restart the accumulator race.

Since the beginning of the month, BTC is up nearly 26% and is trading at $ 55,284. This can create the necessary momentum for a potential target.

Bitcoin price increase | Source: TradingView

Also, the Fear and Greed Index went from “extreme fear” to “extreme greed” in less than a week, which is a good indication of investor sentiment.

Bitcoin Fear and Greed Index | Source: alternative

Also, investors should keep in mind that BTC isn’t the only slow growing coin in this sector. Just like Ethereum along with the rest of the market. Therefore, while waiting for the goal to be met, investors can take comfort that nothing bad is going to happen.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Ambcrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

3 minutes ago

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

2 hours ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

3 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

This website uses cookies.