{"id":631732,"date":"2024-07-26T14:30:58","date_gmt":"2024-07-26T14:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=631732"},"modified":"2024-07-26T12:12:35","modified_gmt":"2024-07-26T12:12:35","slug":"bitcoin-supply-drop-signals-upbeat-price-movement-analyst-says","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-supply-drop-signals-upbeat-price-movement-analyst-says\/","title":{"rendered":"Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says"},"content":{"rendered":"<p>After its latest halving event,<a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\"> Bitcoin<\/a> sent a positive signal throughout the crypto market. Historically, this big drop in supply has been connected to notable price gains, which has inspired investor hope.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/debunking-doubts-how-xrp-could-achieve-a-3-digit-surge-analyst\/\" target=\"_blank\" rel=\"noopener \">Debunking Doubts: How XRP Could Achieve A 3-Digit Surge \u2014 Analyst<\/a><\/div>\n<p>The halving, which cut the rate at which new Bitcoins were made, has actually slowed the flow of new Bitcoins into the market. This sudden drop in supply, along with growing interest from institutions and wider use, is likely to push Bitcoin prices up.<\/p>\n<p>Many investors are attentively observing these dynamics and expect a similar trend in the near future; previous halvings have sometimes followed significant price rebounds.<\/p>\n<figure id=\"attachment_631735\" aria-describedby=\"caption-attachment-631735\" style=\"width: 669px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-631735 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_665f1c.png?resize=669%2C316\" alt=\"\" width=\"669\" height=\"316\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_665f1c.png?w=669 669w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_665f1c.png?w=460 460w\" sizes=\"auto, (max-width: 669px) 100vw, 669px\"><figcaption id=\"caption-attachment-631735\" class=\"wp-caption-text\">BTC price up in the last 24 hours. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<h2><strong>Bitcoin: Changing Investor Attitudes<\/strong><\/h2>\n<p>The substantial decline in the number of new deposit addresses on cryptocurrency exchanges marks a clear trend in the Bitcoin market. Data from the well-known analysis tool <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/669ecb398990c054facf35aa-Investors-are-unwilling-to-sell-Bitcoin?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=axeladlerjr\" target=\"_blank\" rel=\"noopener nofollow\">CryptoQuant<\/a> shows that just 25,000 rather than 70,000 freshly registered Bitcoin deposits exist. This decline in selling pressure denotes a change in investor behavior towards holding rather than trading their Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Investors are unwilling to sell <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a><\/p>\n<p>\u201cA decreased willingness to sell assets could lead to a reduction in the supply of Bitcoin on the market, which, with steady or increasing demand, may cause price increases.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/AxelAdlerJr?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@AxelAdlerJr<\/a><\/p>\n<p>Full post \ud83d\udc47<a href=\"https:\/\/t.co\/HdipPeIh6h\" rel=\"nofollow\">https:\/\/t.co\/HdipPeIh6h<\/a> <a href=\"https:\/\/t.co\/jhNDHiSKst\" rel=\"nofollow\">pic.twitter.com\/jhNDHiSKst<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/97147053?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 23, 2024<\/a><\/p><\/blockquote>\n<p>According to CryptoQuant analyst AxelAdlerJr, this decline in selling pressure denotes a change in investor behavior towards holding rather than trading their Bitcoin.<\/p>\n<p>Such behavior shows that the market is mature. As investors gain more faith in Bitcoin&#8217;s long-term value, they trade less. They spend in a more stable way, which might make the market less volatile and more stable. This trend shows that buyers are beginning to see Bitcoin as an asset with value, not just a way to speculate, which is good news for the cryptocurrency.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-631733\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?resize=1024%2C551\" alt=\"\" width=\"1024\" height=\"551\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=1238 1238w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_3beabf.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2><strong>Institutional Confidence And Market Psychology<\/strong><\/h2>\n<p>As more and more investment firms are pouring money into Bitcoin, everything has changed. Big investment businesses and institutional investors provide the market legitimacy and security, which can affect how regular individuals think about investing. Big players may inspire trust and long-term thinking among smaller investors.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/4ayBDKYi\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Bitcoin is now trading at $67,361. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>This dynamic is much enhanced by behavioral economics. The activities and confidence levels of additional institutional investors entering the market might affect the sentiment of individual investors. This phenomena can result in a positive feedback whereby rising confidence stimulates more investment.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-set-for-900-rally-with-breakout-from-this-pattern-analyst\/\" target=\"_blank\" rel=\"noopener \">Solana Set For 900% Rally With Breakout From This Pattern \u2014 Analyst<\/a><\/div>\n<p>One important statistic emphasizing this change in investor attitude is the declining deposit addresses. It implies that anticipating better future prices, investors are less ready to sell their Bitcoin. Supported by both lower supply and higher demand from both institutional and individual investors, this line of thinking fits the growing conviction that the price of Bitcoin will keep rising.<\/p>\n<p><em>Featured image from Pixabay, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After its latest halving event, Bitcoin sent a positive signal throughout the crypto market. Historically, this big drop in supply has been connected to notable price gains, which has inspired investor hope. Related Reading: Debunking Doubts: How XRP Could Achieve A 3-Digit Surge \u2014 Analyst The halving, which cut the rate at which new Bitcoins were made, has actually slowed the flow of new Bitcoins into the market. This sudden drop in supply, along with growing interest from institutions and wider use, is likely to push Bitcoin prices up. Many investors are attentively observing these dynamics and expect a similar trend in the near future; previous halvings have sometimes followed significant price rebounds. Bitcoin: Changing Investor Attitudes The substantial decline in the number of new deposit addresses on cryptocurrency exchanges marks a clear trend in the Bitcoin market. Data from the well-known analysis tool CryptoQuant shows that just 25,000 rather than 70,000 freshly registered Bitcoin deposits exist. This decline in selling pressure denotes a change in investor behavior towards holding rather than trading their Bitcoin. Investors are unwilling to sell #Bitcoin \u201cA decreased willingness to sell assets could lead to a reduction in the supply of Bitcoin on the market, which, with steady or increasing demand, may cause price increases.\u201d \u2013 By @AxelAdlerJr Full post \ud83d\udc47https:\/\/t.co\/HdipPeIh6h pic.twitter.com\/jhNDHiSKst \u2014 CryptoQuant.com (@cryptoquant_com) July 23, 2024 According to CryptoQuant analyst AxelAdlerJr, this decline in selling pressure denotes a change in investor behavior towards holding rather than trading their Bitcoin. Such behavior shows that the market is mature. As investors gain more faith in Bitcoin&#8217;s long-term value, they trade less. They spend in a more stable way, which might make the market less volatile and more stable. This trend shows that buyers are beginning to see Bitcoin as an asset with value, not just a way to speculate, which is good news for the cryptocurrency. Institutional Confidence And Market Psychology As more and more investment firms are pouring money into Bitcoin, everything has changed. Big investment businesses and institutional investors provide the market legitimacy and security, which can affect how regular individuals think about investing. Big players may inspire trust and long-term thinking among smaller investors. This dynamic is much enhanced by behavioral economics. The activities and confidence levels of additional institutional investors entering the market might affect the sentiment of individual investors. This phenomena can result in a positive feedback whereby rising confidence stimulates more investment. Related Reading: Solana Set For 900% Rally With Breakout From This Pattern \u2014 Analyst One important statistic emphasizing this change in investor attitude is the declining deposit addresses. It implies that anticipating better future prices, investors are less ready to sell their Bitcoin. Supported by both lower supply and higher demand from both institutional and individual investors, this line of thinking fits the growing conviction that the price of Bitcoin will keep rising. Featured image from Pixabay, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":631744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,1558,3505],"class_list":["post-631732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-cryptocurrency","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Bitcoin Supply Drop Signals Bullish Price Movement, Analyst Says<\/title>\n<meta name=\"description\" content=\"After its latest halving event, Bitcoin sent a positive signal throughout the crypto market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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