Bitfinex analyst: BTC holders’ current behavior is similar to December 2020, indicating a possible growth phase

According to BlockBeats, on April 16, The Block reported that this week's Bitfinex Alpha report pointed out that long-term Bitcoin holders either continued to reduce their holdings or transferred assets from trading platforms, which led to a significant reduction in the supply of Bitcoin that has not moved in a year. Bitfinex analysts said: "The basis of Bitcoin price dynamics is this week's halving. As the halving approaches, we have seen a significant increase in the outflow of Bitcoin from centralized trading platforms, and the supply of Bitcoin that has not moved in a year has fallen to an 18-month low." The report also added that the current actions of Bitcoin holders are similar to those seen in December 2020, which was a period before the significant rise in the Bitcoin market. "This pattern suggests that we may be entering a similar growth phase," the analyst added.