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Storing Bitcoin

Why Investors Keep Storing Bitcoin. LATOKEN Review

Storing Bitcoin or not? Long-term Bitcoin holders, the first cryptocurrency, continue to open new long positions during the asset’s 20 percent correction. In our new LATOKEN review, let’s try to understand if large Bitcoin purchases can affect its price. Read in our LATOKEN review!

The latest weekly research report by Glassnode, which was released on November 22, states that long-term Bitcoin holders continue to actively accumulate the cryptocurrency, despite an almost 20 percent correction of the asset after reaching an all-time high of $69,000. So why are investors still actively accumulating Bitcoin? Could this affect the digital asset market? Read our new LATOKEN review and find everything out!

The mood indicator

The increase in the number of Bitcoins on the addresses of long-term holders might be an indicator of the sentiment and mood in the crypto market. When investors increase their savings, it indicates high expectations for the growth of cryptocurrency.

Given that the crypto market is highly dependent on the emotions of its participants, the mood indicator is an essential indicator of where the market is going to move shortly.

Bitcoin fans, crypto enthusiasts, and other participants in the crypto market expect higher growth in Bitcoin and are in no hurry to exit positions, hoping for higher returns shortly.

We should also keep in mind that many Bitcoin holders believe in the growth of the asset to $1 million. And they are unlikely to fix profits in the foreseeable future.

Storing Bitcoin Bullish signal

Another reason for the accumulation of Bitcoins by long-term holders could be the high inflation rate. The US Federal Reserve representative, Christopher Waller, called Bitcoin a digital version of gold, could also increase interest in the first cryptocurrency.

Usually, representatives of the FRS do not say anything without good reason, and large holders could take this statement as a kind of signal that the Fed and other world central banks will start buying BTC.

Bitcoin price can also directly depend on the accumulation of the asset by long-term holders. Usually, large transactions for the purchase of the first cryptocurrency take place on OTC markets (“Over-the-Counter,” outside the exchanges). Then, when OTC sellers run out of an asset, they follow it to crypto exchanges, buying most of the available supply and thus increasing its value.

Want to start trading Bitcoin? It’s never too late! You can always do it on the LATOKEN exchange!

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About LATOKEN

LATOKEN is an international, one of the leading crypto exchanges, and also IEO launch platforms with a focus on security and useability.

LATOKEN has 1.8M accounts, including 1+ million mobile app installs with 4.5 reviews scored by 25K+ users.

Our crypto exchange is planning IPO as a top DeFi bet and is interested in VCs and partners with fintech IPOs and/or DeFi success cases on the belt.

LATOKEN is building a team to enter the USA market, upgrade to institutional-grade exchange, launch DeFi products on LACHAIN, and bring commerce and banking to blockchain technology to automate transaction processing and save many business hours per year.

The platform offers 300+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.