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Bitcoin ‘new’ investor spike echoes 2019 BTC price peak — Analysis

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Bitcoin ‘new’ investor spike echoes 2019 BTC price peak — Analysis
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Source: Coin Telegraph

Bitcoin investors who bought in at the March highs have been fighting choppy BTC price action ever since.

Bitcoin (BTC) is giving “new investors” a run for their money in a style similar to before its 2020 all-time high, analysis says.

In a Quicktake blog post on Sept. 2, onchain analytics platform CryptoQuant likened current short-term holder trends to mid-2019.

Bitcoin buyers from the past six months are either hodling firm or selling at a loss after half a year of sideways BTC price action.

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Author: William Suberg

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