Ethereum

Bitcoin

<ul>
 <li>A record inflow of 25,300 BTC to accumulation addresses observed.</li>
 <li>Accumulation addresses defined by specific criteria excluding CEX and miners.</li>
 <li>The event signals a substantial interest in long-term Bitcoin holding.</li>
</ul>
<p>In a notable development within the cryptocurrency market, CryptoQuant CEO Ki Young Ju has reported a record-breaking single-day inflow of 25,300 BTC to Bitcoin accumulation addresses on February 19. This significant movement indicates a growing trend of long-term investment in Bitcoin, underscoring the confidence investors have in the digital currency’s value proposition.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">CryptoQuant CEO Ki Young Ju said that on February 19, Bitcoin accumulation addresses had a net inflow of 25,300 BTC in a single day, setting a record high. The definition of an Accumulation Address is that there is no outgoing tx, the balance exceeds 10 BTC, does not include CEX…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1760132662575206859?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Accumulation addresses are characterized by several specific criteria that differentiate them from other types of wallets. These addresses have not made any outgoing transactions and maintain a balance exceeding 10 BTC. They exclude addresses associated with centralized exchanges (CEX) and miners, have received more than two incoming transactions, and have seen activity within the past seven years. This definition helps identify wallets that are likely held by long-term investors rather than traders or operational accounts of mining operations and exchanges.</p>
<p>The record inflow to these accumulation addresses is a clear signal of substantial Bitcoin acquisition by individuals or entities with a long-term view of the cryptocurrency. It reflects a strategy of accumulating Bitcoin in anticipation of future price appreciation, rather than short-term speculation or trading. This trend could have several implications for the market, including reducing the available supply of Bitcoin for trading and potentially contributing to upward pressure on prices.</p>
<p>The significant increase in Bitcoin being moved to accumulation addresses may also reflect broader market sentiments and the increasing adoption of Bitcoin as a store of value. As more investors choose to hold Bitcoin for the long term, it reinforces the narrative of Bitcoin as “digital gold” – a safe-haven asset in times of economic uncertainty.</p>
<p>In conclusion, the record inflow of 25,300 BTC to accumulation addresses as reported by CryptoQuant’s CEO highlights a remarkable day in Bitcoin’s history. This event not only showcases the growing interest in long-term holding among Bitcoin investors but also points to the underlying strength and maturity of the cryptocurrency market. As Bitcoin continues to carve its place in the financial landscape, such trends are crucial indicators of its enduring appeal and potential.</p>
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/cardano-sees-over-1000-surge-in-inflows-whats-next/" rel="noopener noreferrer nofollow">Cardano Sees Over 1,000% Surge in Inflows: What’s Next?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-bucks-trend-with-700k-inflows-as-bitcoin-and-ethereum-see-70m-outflows/" rel="noopener noreferrer nofollow">XRP Bucks Trend with $700K Inflows as Bitcoin and Ethereum See $70M+ Outflows</a></li>
 <li><a href="https://cryptonewsland.com/how-did-solana-attract-a-whopping-24-million-inflow-while-ethereum-lagged-behind/" rel="noopener noreferrer nofollow">How Did Solana Attract a Whopping $24 Million Inflow While Ethereum Lagged Behind?</a></li>
 <li><a href="https://cryptonewsland.com/ripples-legal-victory-boosts-confidence/" rel="noopener noreferrer nofollow">Ripple’s Legal Victory Boosts Confidence as XRP Expects Inflows from Institutions</a></li>
 <li><a href="https://cryptonewsland.com/xrp-bulls-battle-bearish-trends-for-a-record-breaking-december/" rel="noopener noreferrer nofollow">XRP Bulls Battle Bearish Trends for a Record-Breaking December</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/record-breaking-25300-btc-inflow-to-accumulation-addresses/" rel="noopener noreferrer nofollow">Record-Breaking 25,300 BTC Inflow to Accumulation Addresses</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Record-Breaking 25,300 BTC Inflow to Accumulation Addresses

Crypto News Land

Altri articoli pubblicati su 21 feb 2024

Bitcoin ETF trading hits peak levels since launch – What’s next?

Ethereum Outperforms Bitcoin in 2024

Circle to cease minting USDC on Tron network effective immediately

JasmyCoin (JASMY) Surges as Japan Advances Digital Asset Regulation

Ethereum (ETH) knocks on the $3k door, as more Chainlink (LINK) holders buy into DeeStream (DST) ...

Hack VC raises $150M to back crypto and AI startups

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!