Bitcoin Falls: More than 277,000 desert portfolios portfoli

According to the latest data in the platform of the Santiment Analysis platform, XRP is experiencing significant growth in its network, a significant increase in the number of active portfolios. This positive trend contrasts strongly with the situation of Bitcoins, which has lost more than 277,277,270 active wallets over the last three weeks.

A significant decline in bitcoin portfolios

Over the past three weeks, the Bitcoin network has seen a significant decline of 277,270 active portfolios. This significant decline, unlike the continuous growth observed on XRP and Ethereum networks.

Chris Kuiper, the research director of the Krypto division in Fidelity, attributes this phenomenon to the growing influence of the recently approved Bitcoin ETF.

The explanation is simple: transactions that had to be done directly on bitcoin blockchain can now be performed outside the chain thanks to ETF, allowing to compensate transactions between different parts.

This development also explains why Bitcoin Mempool (storage space in which the waiting transactions are located) remains especially little used. According to Fidelity, however, this situation does not necessarily have a danger to the overall health of a bitcoin network.

XRP and Ethereum in constant progression

While Bitcoin knows this decline in activity, XRP and Ethereum show encouraging signs of growth. Both networks see that their number of active portfolios regularly increases and testifies to growing adoption and permanent activities on their respective blockchains.

This trend is in a wider context where bitcoins try to keep its course over $ 100,000. At the time of writing, the flagship of the crypto is negotiated for $ 96,108, which is mainly assigned to the disappointment of inflation data in the United States. Bitcoin ETF also difficulties in trouble, with capital trips reaching $ 251 million in one day.

According to healthcare analysts, however, this period could paradoxically announce a positive perspective for medium and long -term prices.

Historically, these stages of the retail store are followed by the accumulation of whales and sharks (large investors), which use this opportunity to obtain abandoned assets, creating conditions for a future increase in price. The prospect supported by Cathie Wood from ARK Invest, which by 2030 expects bitcoins at $ 1.5 million.

FENELON L.

Passionate bitcoins, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.

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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.