Bitcoin Bullish Signal: “Accumulation Addresses” Continue Buying Big
Summary
Bitcoin accumulation addresses, held by long-term holders who only receive incoming transfers and never sell, have seen significant inflows this month. These addresses must hold at least 10 BTC and have received at least two inflow transactions. The inflows to these addresses have been high this month, reaching 21,400 BTC, worth over $1.4 billion. This trend suggests continuous buying by these investors, which is seen as a positive sign for Bitcoin. As a response, Bitcoin has recovered above the $68,100 level, jumping over 3% today.
