Bitcoin (BTC / USD) Holders !!!. What the big long-term bitcoin holders have done and are doing.

You are a Bitcoin holder, let's analyze its behavior in 2017 and if we are repeating the same behavior in 2021.

Let's see

Graphic source: glassnode

Today I brought you this graph on the holding of bitcoin in the wallets of large investors, and I propose to analyze it.

Apart from showing the graph that the amount of bitcoin in the wallets is 8 times more than in 2017 in inactive wallets (long-term holders), there is more data to analyze that I find interesting.

Let's analyze 2017 -2018

As we see that Bitcoin reaching the maximum at the beginning of 2018, bitcoin holders had sold a large part of their holdings, but then when the correction begins they do not continue to sell, but begin to buy back bitcoin in successive price falls.

Bitcoin holders sell their bitcoin as bitcoin reaches its highs.

Bitcoin holders buy back bitcoin in successive corrections

Another observation of the graph is that when it begins to correct, they do not decide to sell what was bought back at a higher price, but instead maintain it and continue to buy in successive price corrections

Long-term bitcoin holders buy in corrections and keep accumulating over time.

Already in the last months of correction we see that bitcoin purchases are already decreasing and could indicate a good time to reaccumulate

Then, in the first big upward cycle of 2019, it begins to see massive sales again and with a slight correction, the accumulation begins again.

Let's analyze 2020 - 2021

We see that the holders have accumulated up to 10,000 dollars from which with each rise investors have decided to sell their bitcoins

At the $ 60,000 peak we see a peak in sales and now a new re-accumulation cycle begins.

We should see a new accumulation plateau as in mid 2018 to think that the correction is over.

Will we repeat the cycle?

What do you think we will repeat the 2017 cycle and the price will continue to correct or will we continue with rising prices up to $ 100,000?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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