The long-term net position change indicator turned green for the first time in more than five months, according to data from Glassnode.
Bitcoin miners started to save
A chart provided by Glassnode analytics aggregator says the long-term net position change indicator turned green for the first time in almost six months.
BTC miners now store the Bitcoin they sell instead of selling it. However, according to the chart, several increases in the value of this indicator were already seen earlier this year: in February and March.
Bitcoin miners added 8,874 BTC to their assets; This corresponds to a figure of $ 523,647,640.
Bitcoin hits $ 58,600
Since hitting an all-time high of $ 61,800 on March 14, the flagship cryptocurrency first fell to $ 52,639, reaching its current level of $ 58,622, according to the chart by CoinMarketCap.
On April 2, BTC again rose above the $ 60,000 level but could not stay there.
Meanwhile, the institutional fund inflow continues to go to Bitcoin. Recently, business software giant MicroStrategy announced that it had purchased $ 15 million worth of BTC at an average price of $ 57,146.
Currently, the company has a total of 91,326 BTC.