Advertisement
AD

Main navigation

Large Crypto Investors Are Coming Back to Bitcoin and Market

Advertisement
Thu, 1/12/2022 - 9:20
Large Crypto Investors Are Coming Back to Bitcoin and Market
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Market sentiment in the United States around the crypto market is recovering, said the founder of crypto analytics portal CryptoQuant, based on the Coinbase Premium Index. For the first time since the collapse of major crypto exchange FTX, the index climbed into the green zone.

Advertisement

As reported by U.Today earlier, the Coinbase Premium Index helps the community understand the sentiment of large investors operating on the trading platform to professionals from the exchange of the same name. It also includes institutional investors, of which Coinbase has the majority, according to its third-quarter report this year.

The index is rising because of increased trading volume on the exchange, indicating a return of buying power and the start of the accumulation of positions in Bitcoin by these big players.

Related

Is Bitcoin rally on the table?

The return of this crypto market weather vane to positive values is another confirmation of optimistic sentiment. It was not until two days ago that a large accumulation of Bitcoin also came to light, with almost 50,000 BTC purchased by various investors over a five-day period in late November. Even earlier, a historic high was reached in the number of wallets holding between 0.1 and 10 BTC.

The trend is clear and understandable. While fear ruled the crypto market, smart money got their bags out, caught the right moment and started buying.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD