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Bitcoin

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<li>Glassnode data reveals interesting trends in the Bitcoin market. While BTC&#8217;s liquidity-decreasing supply continues to expand, Bitcoin dominance is increasing.</li>
<li>The illiquid Bitcoin supply is steadily increasing at a rate of +119,000 BTC per month.</li>
<li>Bitcoin dominance is rising and currently stands at 47.6%. This represents a 7.6% increase since the beginning of the year.</li>
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<p><strong>Bitcoin continues to decline, but according to the data, investors are shifting their capital from altcoins to Bitcoin and major cryptocurrencies.</strong></p>
<h2 id="strong-investors-shifting-their-capital-to-bitcoin-strong"><strong>Investors Shifting Their Capital to Bitcoin</strong></h2>
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<p>Glassnode data reveals interesting trends in the Bitcoin market. While BTC&#8217;s liquidity-decreasing supply continues to expand, Bitcoin dominance is increasing. These developments indicate a strong inclination towards HODLing (long-term holding strategy) and a shift of capital from altcoins to major cryptocurrencies.</p>
<p>According to Glassnode, the illiquid Bitcoin supply is steadily increasing at a rate of +119,000 BTC per month. This means that more coins are accumulating in wallets with minimal transaction history, reinforcing the dominance of HODLing as the prevailing market dynamic.</p>
<p>This trend indicates that a significant portion of BTC holders prefer to hold their coins rather than actively trading or selling them.</p>
<p><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133604 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Investors-are-moving-away-from-altcoins-towards-Bitcoin.png" alt="likit-olmayan-bitcoin-arzı" width="1597" height="830" /></p>
<p>In parallel, Bitcoin dominance is rising and currently stands at 47.6%. This represents a 7.6% increase since the beginning of the year. This upward trend indicates a continuous conversion of capital from altcoins to major cryptocurrencies.</p>
<p>As investors seek liquidity and stability, they prefer Bitcoin, the oldest and most liquid crypto asset.</p>
<p><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133606 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1686839026_951_Investors-are-moving-away-from-altcoins-towards-Bitcoin.png" alt="bitcoin-dominance" width="1604" height="833" /></p>
<h2 id="strong-bitcoin-price-movement-strong"><strong>Bitcoin Price Movement</strong></h2>
<p>Bitcoin has experienced some fluctuations in price, showing a 0.33% increase in the past hour. However, it has seen a 4.41% decrease in the past 24 hours and dropped below $25,000.</p>
<p>Following the Federal Reserve&#8217;s interest rate decision, BTC failed to stay in positive territory and fell below $25,500, marking a new low on a weekly basis. This occurred in conjunction with the Federal Reserve halting its interest rate hikes in the past 15 months.</p>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/investors-are-moving-away-from-altcoins-towards-bitcoin/">Investors Are Moving Away From Altcoins Towards Bitcoin</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG</a>.</p>

Investors Are Moving Away From Altcoins Towards Bitcoin

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