Long-term Bitcoin investors did not sell their reserves despite the BTC price recovering to$ 40,000 that happened this week.
Bitcoin hodlers who bought BTC at the end of 2020years, are in no hurry to get rid of cryptocurrency. This is indicated by on-chain metrics, Glassnode notes. As you can see in the graph below, coins purchased from November 2020 to January 2021 are still in the hands of hodlers.
The chart shows that over 400,000 BTC were bought in advance of the rally. Moreover, most of these coins still remain motionless.
Bitcoin Coins held according to Glassnodewere bought at the rate of $ 13,000- $ 42,000. Analysts also found out that the number of "young" coins (moving no more than a month ago) continues to decline rapidly.
At the same time, the share of coins aged from three totwelve months is rapidly increasing. These are the same HODL coins that accumulated throughout 2020 and until January 2021, experts note. According to Glassnode,hodlers can start unloading their reserves only when the next bull rally comes.
However, how soon will a new rally begin?unknown. At the same time, analysts at Santiment believe that the Bitcoin community is not yet ready for a new wave of euphoria. For example, news from El Salvador inspired the community, but it was not enough to bring back a full-fledged bull market.
Current Social Sentiment on Bitcoinlook like the crowd is puzzled: “If this can't get Bitcoin back above $40,000, then what can?”, analysts say. The price of BTC at the time of writing is $38,935. Market capitalization has grown to $744.7 billion.
</p>Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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