The “digital gold” narrative favors investors to make Hodl with their bitcoin (BTC).
There seems to be little interest in selling or transferring bitcoin, which favors the price.
The Bitcoin network pulse, formerly vibrant with transactions, has been reduced to a disturbing whisper. The network activity, which measures the quantity and frequency of transactions, has fallen dramatically.
This implies that less Bitcoin move between Wallets, either for payments, exchanges or transfers. The network activity index It collapsed at 3,470 points, a level not seen in the last 18 months.
On-chain data supplier analysts, Cryptoquant, with the eyes set in the data, They warn: “This type of silence precedes the storm.”
However, calm is not limited to the network. The demand for retail investors, tracked by chain transactions of 0 to 10,000 dollars, more than 5% fell During the last 30 daysa clear indicator of the disinterest of small players.
In centralized exchanges (CEX) the volume of cash operations Backed at October 2020 levels, the lowest in four and a half years.
Even with the sustained demand of the Bitcoin ETF in cash, the organic activity in the network and the CEX remains off. “It is another sign of weak interest in Bitcoin,” they point out from Cryptoquant.
Investors in pause
However, After still, a subtle but powerful movement is created. A total of 847,000 BTC have gone from short -term holders to long -term holders, which are those that have immobile coins for more than 155 days.
This change, last seen in September and October 2024, enshrines the narrative of the “digital gold.” The holders practice Hodl, clinging to their bitcoin as an inalienable asset.
This little willingness to sell, evidenced by the low activity in the network, is a bullish signal: without selling pressure, the price tends to strengthen. Cryptoquant data confirms it, Inactivity is not weakness, but a strategic accumulation that anticipates a rebound.
A bullish horizon
A favorable macroeconomic context further drives the scenario. May inflation data in the United States, with an IPC that rose only 0.1% monthly compared to 0.2% expected, fueling the expectations of feature cuts by the Federal Reserve in 2025, as reported by cryptootics.
This inflationary relief lit Bitcoin, that quotes about $ 110,000, a new historical maximum (ATH) that seems imminent.
The analyst Willy Woo, with his smell for the markets, predicts a quick jump to $ 118,000. “The strength of the digital asset market remains solid,” he says.
In this ghost digital town, where transactions are scarce and investors retain their coins, calm could be misleading.
The absence of selling pressure, combined with a growing institutional demand through Bitcoin ETFs and companies that embrace Bitcoin, draw a clear path. As a river that is contained before overflowing, Bitcoin seems to prepare for an explosive movement. Cryptoquant analysts say: “This silence could be the prelude to a bullish storm.”
