Bitcoin Maintains Stability Despite the Decline: "No One Sells BTC!" - Coin Bulletin

Despite the decline in Bitcoin, short-term investors are selling at a loss.

Inflation-driven fluctuations in the cryptocurrency market have affected investors' behavior. According to Glassnode data, sales volume started to decline at the expense of short-term investors. At the beginning of February, this selling volume was 5,500 BTC, but now it is 3,800 BTC.

Behind August peak

Despite the increase in volume of sales at a loss in February, it fell significantly behind the peak of 7,500 BTC reached in August. This situation indicates that investors experienced less panic in the recent selling wave. According to Glassnode, this trend shows that the market is more resilient compared to past periods.

On the other hand, there is a remarkable calm among long-term investors. The sales with an average of 500 BTC per week on an annual basis have dropped to 0.01 BTC recently. The steady stance of long-term investors contributes to the stability of the market.