Bitcoin (BTC) prices have gained profits over the last 17 days, falling from $ 87,241 to $ 81,331 between March 28 and March 31. The 6.8%correction has liquidated $ 220 million in the strong BTC futures position, and the S & P 500 futures fell to the lowest level since March 14, which significantly followed the US stock market.
Despite struggling to hold more than $ 82,000 on March 31, four major indicators point out strong investor trust and potential signs of Bitcoin separation in traditional markets in the near future.
S & P 500 index futures (left) vs. bitcoin/USD (right). Source: TradingView / COINTELEGRAPH
Merchants are especially afraid of the impact of the global trade war on economic growth after 25% US tariffs on vehicles excluded from foreign countries on March 26. According to Yahoo News, Goldman SACHS strategists have reduced their company’s year -end S & P 500 goals for the second time and reduced from 6,200 to 5,700. Similarly, Barclays analysts have reduced their predictions from 6,600 to 5,900.
Regardless of why investors’ risk awareness increased, gold surged to more than $ 3,100 on March 31. The $ 21 trillion assets are especially known as the ultimate hedge when the trader prioritizes alternatives over cash. US dollars, meanwhile, have weakened their foreign currency baskets and the DXY index fell from 107.60 in February to 104.10.
Bitcoin Metric shows strengths and long -term investors are not forgotten.
The S & P 500 index has fallen 3.5% over the same period, while the story of Bitcoin’s “Digital Gold” and “Unexpected Assets” despite a 36% increase over 6 months. Some Bitcoin indicators have continued to show strengths, indicating that long -term investors maintain their beauty due to temporary correlations to take the expansion of the central banks to prevent the economic crisis.
Bitcoin’s mining hashrate, which measures computing power after the block verification mechanism of the network, has reached a record high.
Bitcoin mining estimates TH/S, an average hash rate on the 7th. Source: Blockchain.com
The seven -day hashrate reached 880 million Terahashes per second on March 28. Thus, as shown by the flow of the exchanges of known entities, there is no sign of panic sales from miners.
In the past, the BTC Price Sockerturns was related to the FUD period of the “death of death”, where miners had to sell when the miners were not profitable. In addition, on March 30, the seven -day average of circulation from the miner to exchange was at BTC 125, and according to GlassNode data, it is much lower than the BTC 450 a day.
Bitcoin 7 days average net remittance/miner, BTC. Source: Glass Node
Bitcoin Miner Mara Holdings submitted an observatory to sell up to $ 2 billion in stocks to expand BTC reserves on March 28. The measure has updated the preliminary investment strategy to include potential Bitcoin and STABLECOIN acquisitions by submitting a $ 1.3 billion convertible debt plan on March 26 with GME (Gamestop), a video game company listed in the United States.
relevant: Trump son has a new Bitcoin mining venture with a cabin 8
Decline
According to GlassNode data, the reserves of Cryptocurrency Exchange have dropped to the lowest level in six years on March 30 and reached 264 million BTCs. The number of coins that can be used for immediate transactions has been reduced, indicating that investors tend to tend to be more. This is especially important as the price of Bitcoin decreases by 5.1% over 7 days.
Lastly, from March 27 to March 28, it is a net leak of Bitcoin exchange transaction fund (ETF) at the US branch of the United States with confidence in the signal signal of institutional investors.
In short, Bitcoin investors have confidence in long -term holding due to record mining hashrates, corporate adoption and six -year low -end non -exchanges.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.