Bitcoin rate fell below $ 30 thousand while investors accumulate coins

According to the network analytics provider Glassnode, despite the protracted decline in the crypto market, investors have been actively buying bitcoins on exchanges in recent months.

On Tuesday, the BTC rate dropped below $ 30,000., which is the lowest level in the last month. However, according to the Glassnode report, major players continue to accumulate cryptocurrency in cold wallets.

The company's data indicates that the reserves of bitcoins on crypto exchanges are gradually running out.Every month, their reserves decrease by an average of 36,000 BTC (about $1 billion at the current exchange rate).In the opinion ofanalysts at Glassnode, this indicates regularpurchases by large investors who move acquired digital assets to secure vaults rather than holding them on exchange deposits in preparation for a sale.

The company has also recorded an increase in the number of organizations (including miners) storing and accumulating bitcoins.From May to the present, their number has grown from 250 thousand.Over the same period, the number of  clusters of unique addresses associated with cryptocurrency sales decreased from 150,000.to 100,000, and those that are being dug up have increased from 190,000.up to 250 thousand

At the same time, Glassnode analysts note a strong division in market sentiment, predicting that this will soon lead to increased volatility.

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