Russia’s massive build-up of soldiers, warplanes, equipment and extended military Drills near Ukraine’s borders increased fears of a possible invasion within the next few days. This could have prompted renewed sales inBTC), which plummeted below the strong support at $39,600.

Glassnode’s data shows there is some hope among the grim predictions for crypto investors. 60% of the Bitcoin supply was not usedwhich is more than one year. It is clear that hodlers who have been in business for a long time aren’t selling their shares during the downtrend.