The fall in the value of bitcoin has led to an increase in demand for it

Analytical agency IntoTheBlock reported that retail investors have been noticeably active as the flagship cryptocurrency has fallen below $ 20,000. It was this category of bidders that played the role of aggressive buyers amid the recent bitcoin sell-off.

The whales also became more active in the face of a global decline in the flagship cryptocurrency. Holders of wallets with 1000 BTC or more bought coins at the bottom, putting them into long-term cold storage. This also applies to corporations — recently, the largest commercial holder of BTC bought cryptocurrency. States are not lagging behind, as El Salvador has increased its stock of CTS.

In June, miners who faced significant difficulties were the main sellers. The bottom line is that in the current environment, mining has become unprofitable for many, as energy costs exceed profits. Analysts believe that in the future, miners will continue to follow this strategy.