​Bitcoin hodlers have moved on to aggressive hoarding Accordi | Altcoin Holder

​Bitcoin hodlers have moved on to aggressive hoarding

According to the current data of analytical company Glassnode, a stable similarity is forming between the current cycle of BTC and the cycle of 2019. Specialists paid attention to the accumulation trend indicator. This metric represents not only the number of coins that owners buy and sell. But it also takes into account the volume of wallets that take part in accumulation and distribution trends.

When the accumulation metric approaches the 1 mark, it means that institutional investors are currently the most active. According to experts, earlier investors did not assume that the bullish rally could last, and therefore at some point they started fixing long positions. However, recently the price of bitcoin once again tested the round mark of $30 thousand. This suggests that buyers are still active and believe in the development of a bullish trend.