Advertisement
As recent observations, analysis and predictions of experts are published in major economic journals such as NextAdvisor, Financialexpress, … Bitcoin's price is likely to peak at $50,000 or even $100,000 as Next Advisor has forecast. In the face of the unstable macroeconomic environment such as epidemics, inflation, sanctions, …. and the escalating political activities especially the war between Russia and Ukraine, Bitcoin's positive response to these chaos further proves to be a safe-haven asset. That said, the psychology and behavior of investors today does not lie in worrying, doubting losses or investing in surfing, the only thing that has an impact and needs to be taken care of now is the supply dynamics of Bitcoin. These are still fundamental, fundamental and clear principles from the very beginning of this digital currency.
To best understand the state of the Bitcoin Holder community today, we can look at the current bitcoin supply situation:
- Investors are largely unfazed by the percentage of bitcoin's Circulating Supply over the current three months that are reportedly not moved much and are almost at their highest levels ever.
- It is more likely that there will be a sell-off in the market and speculation in the event of a default or credit is not resolved.
- The dynamic strength of supply does not affect or affect previous price declines.
As of March 8, according to data recorded in the cloud, up to 83.81% of supply was stable in three months or more, the index was rated as stable and secure when the highest level ever recorded in 2021 was 85.41% and significantly higher than the average of 76.93% seen throughout Bitcoin's history. This report uses a time threshold of 3 months as it is equivalent to the period of time Glassnode applies to long-term holders.
