Bitcoin (BTC) has been keeping calm the last few days and we stand between $6,600 and $6,800. There has been much talk of a potential drop in Bitcoin due to a so-called death cross. Some of this analysis goes so far as to say that the currency can fall as much as 50%. However, there are many signals that point to the opposite, a potential rise.

Investors accumulate Bitcoin

However, investors seem to be accumulating. Bitcoin’s 7-day average trading volume, measured by the Bitwise 24-hour ‘real’ spot volume index, is at its highest level since June 2019, when BTC recorded its highest point for the year at $13,764.

An even more encouraging observation is another sign that long-term investors are in the middle of an accumulation cycle. According to data from Arcane Research and Glassnode, HODLers started opening long positions and stopped selling.