The crypto market has been extremely fluctuating these days.
It’s been just reported that a lot of investors with large Bitcoin holdings are buying the dip instead of selling their coins, said that latest data coming from Coinbase, according to Daily Hodl’s reports.
Crypto researcher Larry Cermak addressed all the data on Twitter. This is available via Coinbase’s new trading signals initiative.
Coinbase users’ reaction to the market
The signals were launched last month, and they are designed to offer some new insight on trading activity and the way in which Coinbase users react to the markets.
The “top holder activity” signal is analyzing the biggest holders of a certain digital asset on Coinbase and this reveals how many users in the group have brought or sold heir positions in the past 24 hours.
Coinbase also shows average hold times – this is the median number of days that a crypto stays in a Coinbase customer’s account before it gets sold/sent to another wallet or address.
There’s a new popularity signal that shows how many customers are holding each crypto.
Interestingly, according to Coinbase's data, 67% of customers with large BTC holdings (top 10%) are buying rather than selling in the last 24 hours. pic.twitter.com/mOfNMbscuc