Summary
- "Bitcoin"'s accumulation demand is reported to be rising rapidly.
- 'Accumulation wallets' holdings of Bitcoin have exceeded 266,000 coins, and it was stated to be an indicator showing long-term holding tendencies.
- It reported that financial firms' Bitcoin purchases, adoption flows, and the strengthened perception of Bitcoin as a store of value are being reinforced.
Accumulation demand for Bitcoin (BTC) appears to be rising rapidly.
On the 9th (Korean time), DarkPost, a contributor to CryptoQuant, analyzed in a report that "the demand of 'accumulation wallets' that have never sold Bitcoin is recording an all-time high" and that "the Bitcoin accumulated in these wallets has surpassed 266,000 coins."
An accumulation wallet is a wallet that has deposited Bitcoin at least twice but has never sold even once, and it is an indicator showing the tendency of long-term holders.
The contributor explained, "Along with financial firms' Bitcoin purchases, adoption flows, and the strengthened perception of Bitcoin as a store of value, the number of wallets holding Bitcoin for long periods is increasing."
As of 2:03 p.m. that day, Bitcoin was at 112,037 dollars, up 0.97% compared to the previous day according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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