This Bitcoin Trend Could Trigger BTC Demand

It’s been revealed that this Bitcoin trend could trigger BTC demand a lot. Check out the latest reports about the king coin below.

According to the latest reports, a leading digital assets manager says that the recent trend of Bitcoin (BTC) investors holding for the long term reveals two key insights.

In the latest Digital Asset Fund Flows Weekly report, CoinShares highlighted the way in which in contrast to previous Bitcoin four-year cycles where investors moved their BTC onto exchanges to take profits, the “class of 2017” sold less in 2021 than expected.

“In both the 2013 and 2017 bull periods, large positive net inflows have coincided with decreasing Bitcoin price levels (and decreasing average coin age), suggesting that many longtime Bitcoin owners took profits during the cyclical upturn.”

The same notes reveal:

“Recently however, we see that while some investors indeed decided to move coins to exchanges and realize gains at the 2021 market peaks, the outflows from exchanges have far outweighed the inflows. This suggests a longer-term trend is in place.”

CoinShares also noted that nearly a quarter of Bitcoin supply remains dormant. More than that, it’s been also revealed that the next wave of demand from new investors could propel the king crypto up the price charts once again.

“The lack of inflows to exchanges since 2020 indicates that perhaps the 2017 class of Bitcoin investors are the most steadfast savers of any group initiated by the market-broadening halving events.”

Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $21,432.

It’s been revealed that a massive amount of money just entered crypto.

The chief investment officer of Valkyrie Investments has recently revealed that the crypto asset manager is turning to flight-to-safety assets such as Bitcoin (BTC) as The Merge approaches.