Long-Term Income Becomes the Focus of Bitcoin Investors

02/22/2023 02:34 • Tech Ticker • 120 views

It is reported that according to the data of Glassnode, a blockchain analysis company, the number of bitcoins that have not moved in at least six months has reached 14.99 million, which is about 370 billion US dollars at the current price, which is close to the previous record high of 15.029 million. According to the analysis, at present, Bitcoin investors have begun to focus on long-term income again. Bitcoin community has obviously become more investment-oriented, and other blockchains such as Ethereum have more services for the community. Therefore, there are obviously more tokens moving, mainly for the purpose of pursuing profits. Glassnode added in the report that “the cycle has changed and the behavior pattern of investors has changed significantly.”

The number of “dormant for six months” bitcoins reached 14.99 million, close to a record high

Interpret the above information:

The recent report by Glassnode, a blockchain analysis company, reveals an interesting trend in the behavior of Bitcoin investors. According to the data, the number of Bitcoin units that have not moved for six months has reached 14.99 million, which is about 370 billion US dollars at the current price. This figure is close to the previous record high of 15.029 million. This trend suggests a shift in the mindset of investors with long-term income becoming their focus.

The analysis further reveals that the Bitcoin community has become investment-oriented. While other blockchains such as Ethereum have more community services, Bitcoin investors now seem fixed on long-term goals. The trend is significant as it shows that investors are not merely looking at making profits with Bitcoin, but they are also developing a sense of trust and interest in the digital asset.

Glassnode has also stated that the cycle has changed, and thus the behavior pattern of investors has significantly changed. It is evident that the blockchain community is becoming more active, leading to an upswing in token movement, mainly for the purpose of making profits. This phenomenon suggests that investors who are not merely looking for profit-making opportunities but intend to secure long-term income are becoming more interested in Bitcoin.

To conclude, the trend indicates that the blockchain industry’s overall behavior is changing, and Bitcoin is leading the way. The movement of Bitcoin tokens towards long-term income is an excellent indication of how the industry is evolving. The blockchain industry that was once fixated on profit-making has begun to adopt a more long-term view, and it remains to be seen how this affects the industry in the years to come.

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Long-Term Income Becomes the Focus of Bitcoin Investors

The number of “dormant for six months” bitcoins reached 14.99 million, close to a record high

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