2024

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Recent data analysis reveals a notable surge in Bitcoin accumulation among super holders, indicating a strategic move preceding the cryptocurrency's price surges. According to insights shared by&nbsp;<a href="https://x.com/ki_young_ju/status/1760114830206554495?s=20" rel="noopener noreferrer nofollow">Ki Young Ju</a>, CEO of CryptoQuant, Bitcoin inflows into accumulation addresses have reached an unprecedented high of 25,300 BTC.
The surge in accumulation addresses is defined by specific criteria. These addresses exhibit no outgoing transactions, maintain a balance exceeding 10 BTC, exclude accounts associated with centralized exchanges or miners, have received more than two incoming transactions, and have seen activity within the last seven years.
Data presented in a graph by the analyst illustrates a consistent pattern: accumulation peaks just before&nbsp;<a href="https://u.today/tether-mints-1-billion-usdt-as-bitcoin-btc-price-stalls" rel="noopener noreferrer nofollow">Bitcoin's price</a> hits its maximum. This strategic accumulation suggests a calculated effort by significant holders to amass Bitcoin holdings well in advance of price surges, rather than at the precise moment of market highs.
<blockquote>
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> inflows into accumulation addresses have reached an all-time high of 25.3K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>.<a href="https://t.co/HrkV3TUGJT" rel="noopener noreferrer nofollow">https://t.co/HrkV3TUGJT</a> <a href="https://t.co/FSLUHNlVCZ" rel="noopener noreferrer nofollow">pic.twitter.com/FSLUHNlVCZ</a>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1760114830206554495?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a>
</blockquote>
This trend occurs with Bitcoin's current price sitting 34% below its all-time high of $69,000. However, it is crucial to note Ki Young Ju's observation regarding Bitcoin's Price drawdown. The all-time high for this metric, which measures the decline in price from its peak, stands at only 23%.
The strategic accumulation observed among Bitcoin super holders underscores the complex dynamics at play within the cryptocurrency market. As&nbsp;<a href="https://u.today/bitcoin-btc-price-prediction-for-february-20" rel="noopener noreferrer nofollow">BTC</a> continues to be closely watched by investors and analysts alike, such patterns of accumulation provide valuable insights into market behavior and potential future price movements.
Overall, the surge in&nbsp;<a href="https://u.today/bitcoin-bull-michael-saylor-says-he-will-be-buying-btc-forever" rel="noopener noreferrer nofollow">Bitcoin</a> accumulation within super holders' wallets suggests bullish sentiment and strategic positioning among major players in the cryptocurrency space.

Bitcoin Surges to Record Levels in Super Holders' Wallets

U_Today

Другие статьи, опубликованные 21 февр. 2024 г.

Pyth Network Introduces Real-Time Bitcoin ETF Price Feeds

13 Best New Crypto Casinos in 2024

Ethereum Faces Sharp Rejection Near $3,000 As Profit-Taking Sentiment Rises! What’s Next For ETH ...

Final Appeal Rejected: Do Kwon’s Extradition To The US Inevitable

Polkadot Crypto Price Prediction: Will DOT Crypto Break Dynamic Support?

AVAX Slips, Adding Tension To $365 Million Avalanche Token Unlock Drama

Join our free newsletter for daily crypto updates!