Perennial Bitcoin Accumulators Bought Big Ahead Of Rally, Data Shows
Summary
Bitcoin addresses with zero sales histories, known as accumulation addresses, have seen a significant increase in inflows recently. These addresses, holding more than 10 BTC and with at least two incoming transactions in the past seven years, received 17,800 BTC worth almost $1.1 billion when the cryptocurrency was priced at $61,600. This accumulation likely contributed to the recent price rally, with the asset surpassing $71,000. The HODLers who made these purchases have seen their stack grow to over $1.24 billion as Bitcoin is currently trading at around $69,600, up 13% over the past week.
