Coin Metrics analysts said that long-term holders of the first cryptovalyte were indifferent to a 50% decline in its price.
Primarily, small traders were selling bitcoin during the fall of its rate to $3800, according to the report of the analytical company Coin Metrics. Its experts analyzed the transactions in the block-keeper and found that on March 11 and 12, most of the first cryptovolta came to the stock exchanges from the wallets of short-term investors who bought it over the past 12 months.
At the same time, long-term holders of the coin, apparently, were indifferent to the recent decline in its value, analysts suggested. This is evidenced by the fact that the volume of transfers from early investors' wallets to the stock exchange was relatively small, the company explained.
Its representatives also pointed to the reduction of the profit and loss ratio SOPR indicator to 0.843. It is determined by comparing the price at which the asset was transferred to the wallet and withdrawn from it. The current value indicates that most investors during the decline in the Bitcoin price to $3800 sold it to themselves in a loss, experts said.
On March 13, the biggest fall in the price of the main digital asset since 2013 occurred. Within a day it collapsed by more than 50%. At the same time, Etherem's rate fell by 55%, which was the largest daily decline in the value of the coin in its history.
Coin Metrics analysts said that long-term holders of the first cryptovalyte were indifferent to a 50% decline in its price.
Primarily, small traders were selling bitcoin during the fall of its rate to $3800, according to the report of the analytical company Coin Metrics. Its experts analyzed the transactions in the block-keeper and found that on March 11 and 12, most of the first cryptovolta came to the stock exchanges from the wallets of short-term investors who bought it over the past 12 months.
At the same time, long-term holders of the coin, apparently, were indifferent to the recent decline in its value, analysts suggested. This is evidenced by the fact that the volume of transfers from early investors' wallets to the stock exchange was relatively small, the company explained.
Its representatives also pointed to the reduction of the profit and loss ratio SOPR indicator to 0.843. It is determined by comparing the price at which the asset was transferred to the wallet and withdrawn from it. The current value indicates that most investors during the decline in the Bitcoin price to $3800 sold it to themselves in a loss, experts said.
On March 13, the biggest fall in the price of the main digital asset since 2013 occurred. Within a day it collapsed by more than 50%. At the same time, Etherem's rate fell by 55%, which was the largest daily decline in the value of the coin in its history.
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