Despite volatile price movements in the cryptocurrency market, long-term investors’ interest in Bitcoin continues to grow. According to a recent report published by ARK Invest, Bitcoin holdings by strong-willed investors, known as “conviction buyers,” showed a remarkable increase in the first quarter of the year.
According to the data in the report, despite the Bitcoin price declining by approximately 22% during the same period, the amount of BTC held by this group of investors increased from 2.13 million to 3.6 million. This represents a 69% increase in just three months. This growth stands out as the highest recorded since 2020.
Analysts note that this trend shows that investors, especially those with a long-term investment perspective, view market dips as buying opportunities. This group, described as “conviction buyers,” generally consists of investors who are not affected by short-term price fluctuations and prefer to hold their assets for a long time.
According to experts, this type of accumulation behavior is an important indicator for the market. Large investors buying during downturns can withdraw a significant portion of the supply from the market, creating upward pressure on prices in the long term.
On the other hand, while price volatility may continue in the short term, this strategy of institutional and large-scale investors is seen as reflecting confidence in the future of Bitcoin.
*This is not investment advice.
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