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September 22, 2020
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Bitcoin

Bitcoin’s Halving aroused enthusiasm in the market. More and more investors are switching to HODL mode – Blocksats

Halving Bitcoin is fast approaching. We can already see that investors are counting on its positive impact on course. It turns out that fewer and fewer units are kept on the stock exchanges BTC. It’s as if everyone went into “Hodl“.

Bitcoin’s Halving aroused enthusiasm in the market?

Recovery is also seen on the stock exchanges. At the time of writing, BTC probably ended the side drift for several days and is approaching the level on the chart around USD 7,000 again. ETH is doing even better, for which you should pay 167 USD, which translates into a price jump of 6.5 percent. on a daily scale.

BTC on the wallet, but not on the stock exchange

However, it gets even more interesting when we look at other market data. It turns out that the number of BTCs that are kept on the stock exchanges has fallen to a level that has not been seen since 2016, i.e. from the period that in practice was the bubble prelude of 2017.

What does this mean in practice? Most likely, the number of investors who do not want to trade every day is growing kryptowalutami on the stock exchanges because they are geared to profit in the future during a bull market that can start after halvingu.

It is also possible, however, that eventually traders understood that keeping cryptocurrencies on stock exchanges is not a good idea … However, the first variant seems more likely.

ETH vs. BTC

It is also interesting that the average daily transaction values ​​on the platform Ethereum they are now almost equal to the transaction value in the Bitcoin network, which in turn would show that investors are more willing to invest and now trade Ethere and stablecoins that are based on Ethereum. Could ETH also surprise us positively in the coming months?

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create one efficiently: LINK.

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