![Screenshot_2021123120553200_948cd9899890cbd5c2798760b2b95377.jpg](https://i.imgur.com/79J0bkz.jpg)
Sources : glassnode/OnChainCollege



Long-term investor confidence index
  If the index is low, this means that their confidence is high and that Bitcoin is not at a fair price
  And if it is high, confidence is low and the prices are not good for buying
  Now where is the pointer?
  Note that it reached a bottom when the price was 30 k
  That is, long-term investors consider the price of 47 k attractive for long-term investment
  As if at 30k
  Investor confidence is on the rise

  Note ❗️
  Indicators of the On chain data
  It works on the long term and does not care about price fluctuations

  Sources: glassnode / OnChainCollege

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