Bitcoin Traders Continue To Buy From The Dips!

According to digital market analysts, Bitcoin traders are preparing to make purchases in the recent price drop and hold their BTC for the long term. The surge in withdrawals from exchange platforms caused BTC to move closer to $ 50,000, rising from $ 56,783.86 in the last 24 hours on Thursday. Bitcoin analyst Willy Woo tweeted on Thursday, said "Today we hit an all-time high at the BTC output level on exchanges in 2021, and we now have a new bottom-buy award." According to Glassnode, the monthly net supply change held by higher liquidities reached deep and negative levels not seen in three years. This may be due to the increasing use of Bitcoin as a hedge against inflation in the past year against the trillion-dollar monetary incentives pumped into financial markets by central banks around the world. In a news release earlier this month, Glassnode said, "The trend of the coins, which is withdrawn and locked on long-term holding trends, is a direct response to the reaction of the world central banks to 2020. There seems to be still substantial demand from long-term investors." Bitcoin was trading at $ 51,278.06, down 9.49 percent in the last 48 hours. At the time of writing this article is BTC was trading at 53.045.74   Bitcoin Traders Continue To Buy From The Dips! Source: https://www.coindesk.com/ You may also be interested in:

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