Bitcoin's cost reached an all-time high of $ 42,000 on the BINANCE platform, and thereafter today it plummeted to $ 36,000 amid fears of another strong cure.
Despite Bitcoin’s record, which no one expected, not by its value, but by speed, as it took Bitcoin only 25 days, to rise from $ 20,000 to $ 40,000.
Bitcoin value is managed according to market interest:
Bitcoin stock is known to be tied, and becomes diminishing after some time due to the split of Bitcoin mining rewards that happen once at regular intervals despite bad luck and misfortune and the demise of Bitcoin holders, which means that it is falling further as there is more prominent interest, especially The interest of investment institutions in it.
According to information provided by Glassnode, 80% of exchanged Bitcoin stock is illiquid.
Glassnode experts indicate that this means speculators are holding their bitcoins firmly, and that low liquidity could lead to an emergency situation in the supply of bitcoin.
Bitcoin exceeds $ 42,000 on the grounds that new financial professionals keep buying but now need to buy from long-term speculators who demand high and excessive costs to sell.
Old lead actor role:
As evidenced by a metric called CDD, which measures Bitcoin's development based on the last time it was moved from the website and wallet.
CDD is fully rallying as old hands move Bitcoin on the net, according to "Glassnode", week after week Bitcoin's CDD has been on the rise since last October.
Since mid-November, veteran financial professionals have sold $ 1 million Bitcoin to new speculators.
The volume of coins transferred via the Bitcoin blockchain has expanded completely, indicating strong liquidity on the research.
When dealing with dormant portfolios, we find that the sellers are not yet reaching the 2017 selling levels.
According to similar information cited between the fourth quarter of 2020 and today, Bitcoin has seen less flow from maritime wallets to the cryptocurrency exchange stages.
