Bitcoin price exceeds $80,000, will investors continue to accumulate?

Last week we discussed whether investors would continue to accumulate if Bitcoin's price surpassed $80,000. According to the data at that time, investor interest in purchasing remained high.

Of course, this is not due to positive news for $BTC itself, but rather because last week signs of a comprehensive ceasefire between the United States and Iran emerged, leading some investors to bet on BTC's upward movement.

Looking at this week, while BTC's price has increased, the 30-day positions held on exchanges have continued to decrease, not reducing alongside the price rise.

This data clearly indicates that, at least as of this morning, investors still believe that with the end of the United States and Iran's war and the expected smooth passage in the Strait of Hormuz, there is potential for Bitcoin's price to continue rising.

Thus, investors are still accumulating and buying $BTC even when the price exceeds $80,000.

However, it is important to note that this does not signify a change in Bitcoin's own narrative, but rather the consequences of its correlation with the U.S. stock market. Currently, Bitcoin does not differ fundamentally from the BTC that nearly dropped below $60,000 over a month ago.

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