#CryptoMarketSeesVolatility


ARK Invest Records Bitcoin Accumulation Surging 69% Despite Price Drop

Latest report from ARK Invest shows a significant spike in Bitcoin accumulation by long-term investors.
The amount of BTC held by conviction buyers increased by about 69% in the first quarter, from 2.13 million to 3.60 million BTC.
This level becomes the highest since 2020, even though Bitcoin's price temporarily dropped around 22% during the same period.
This condition indicates a shift in market behavior, where price declines are actually used for accumulation by highly confident investors.
Conviction buyers typically refer to investors who are not easily influenced by short-term volatility and tend to focus on long-term prospects.
The surge in accumulation amid falling prices is often seen as a bullish signal in the market cycle.
On the other hand, this phenomenon also indicates a redistribution of assets from weak hands to strong hands.
With supply increasingly concentrated among long-term investors, selling pressure in the future may decrease.
BTC-0,86%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 14
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-9b3a329c
· 04-24 15:46
#WCTCTradingKingPK #CryptoMarketSeesVolatility #rsETHAttackUpdate
Reply0
GateUser-b0d0cec4
· 04-24 15:22
Bull Run 🐂
Reply0
GateUser-f19116db
· 04-24 14:01
yeahhhhhhhhhhhhhhhhhhhhhhhhhhhh
Reply0
GateUser-bb1a670d
· 04-24 13:55
That’s good—hopefully it can get even better in the future, and I can’t wait to see what surprises will happen ahead.
View OriginalReply0
GateUser-4ab3688d
· 04-24 13:17
That’s great—hopefully it can get even better going forward, and I can’t wait to see what surprises the future holds.
View OriginalReply0
Mkilead
· 04-24 12:50
And that's good, hopefully in the future it can get better, and I can't wait to see what surprises will happen in the days to come.
View OriginalReply0
ybaser
· 04-24 12:17
Ape In 🚀
Reply0
ybaser
· 04-24 12:17
To The Moon 🌕
Reply0
DHX_SNJ
· 04-24 11:57
thanks infonya
Reply0
GateUser-df585e09
· 04-24 11:29
Thanks for the information.
View OriginalReply0
View More
  • Pin