The price of Bitcoin (BTC) dropped from USD 87,241 to USD 81 331 between March 28 and March 31, removing profits from the previous 17 days. The 6.8% correction liquidated $ 230 million in stubborn Futures BTC positions and largely followed the decrease in the rush on the American stock market, because the Futures S&P 500 fell to the lowest level from March 14.

Despite the fight for over USD 82,000, on March 31, four key indicators indicate robust investors’ trust and potential signs of separation of Bitcoins from customary markets in the near future.

Traders are afraid of the influence of the global trade war on economic growth, especially after the announcement of 25% of the American American tariff on foreign vehicles. According to Yahoo News, strategists Goldman Sachs cutting The goal of S&P 500 at the end of the year for the second time, lowering it from 6200 to 5700. Similarly, Barclays analysts reduced their forecast from 6600 to 5900.

Regardless of the reasons for increased risk of investors, gold increased to a record level above USD 3100 on March 31. Assets worth $ 21 trillion are widely considered to be final security, especially when traders prioritize alternatives against cash. Meanwhile, the American dollar weakened the foreign currency basket, and the DXY index dropped to 104.10 of 107.60 in February.

Bitcoin records show strength, while long -term investors are unmoved

Bitcoin narratives about being “digital gold” and “uncoisted assets” are questioned, despite 36% profit within 6 months, while the S&P 500 index dropped by 3.5% in the same period. Several Bitcoin indicators still showed strength, which indicates that long -term investors remain unmoved by ephemeral correlation when central banks transform into expansion measures to prevent economic crisis.

Bitcoin mining hashrate, which measures the computing power after the network block validation mechanism, reached the highest level.

The 7-day hashrate reached the peak of 856.2 million Terahashów per second on March 28, compared to 798.8 million in February. That is why there are no signs of panic sales from miners, as the flow of known entities to exchange shows.

In the past, BTC prices were associated with FUD periods in relation to the “death spiral” in which miners were forced to sell when they become unprofitable. In addition, the 7-day average net transfers from miners for replacement on March 30 amounted to BTC 125, according to Glassnode data, much lower than the BTC 450 extraction per day.

Bitcoin Miner Mara Holdings submitted a prospectus of the prospectus on March 28 to sell up to $ 2 billion in to extend BTC reserves and “general corporate goals”. This movement is in line with Gamestop (GME), an American game company that has submitted a debt offer of $ 1.3 billion on March 26, updating the reserve investment strategy to cover potential takeover of Bitcoin and Stablecoin.

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A set of cryptocurrency exchange reserves

According to Glassnode, cryptocurrency exchange reserves have fallen to the lowest levels from over 6 years of 30 March, reaching 2.64 million BTC. The reduced number of coins available for immediate trade usually indicates that investors are more willing to hold, which is particularly significant, because the price of bitcoins has dropped by 5.1% within 7 days.

Finally, almost zero net outflows in the American stock funds Bitcoin (ETFS) between March 27 and March 28 signals of institutional investors trust.

In compact, Bitcoin investors remain confident due to the record mining hash, adhrate, corporate adoption and 6-year low exchange reserves that signal long-term management.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.