Long-term bitcoin holders have begun to buy, and Ethereum inside exchanges has dwindled
Long-term bitcoin holders are collecting bitcoins again, Golsnood co-founders Jan Happel and Jann Allemann tweeted a chart showing financial institutions buying bitcoins for long-term holdings.
Another tweet from Golsnood shows that the transfer of ETH to or from cryptocurrencies is declining sharply.
Long-term holders have begun collecting bitcoins
The chart shared on Twitter by the founders of Golsnood shows that the index for changing the position of long-term bitcoin holders has been green for the first time since October and has remained green since early April.
Long-term bitcoin holders are mostly whales and financial institutions that have recently been actively collecting bitcoins, pushing for stronger demand and higher prices.
Confidence in Ethereum remains high.
They also tweeted about Ethereum . The chart in this tweet shows that investors are still confident in the second largest digital currency, as ETH outflows from exchanges are high enough.