There is high demand for BTC in the market
There is currently high demand for BTC in the market, comparable to the period after the FTX crash, when the bottom of the bear market was formed. Since February 23, when $BTC cost $96,000, new investors have purchased 172,705 bitcoins, despite the market correction.
A large number of transactions from 1,000 coins are recorded by wallets with 7 years of ownership +, which indicates a dumping of the asset by long-term holders and a flow of coins to new users.
We are observing a classic redistribution of the asset.