Bitcoin on-chain data shows the so-called “accumulation addresses” have been buying large amounts of the cryptocurrency this month.
Bitcoin Accumulation Addresses Have Seen Large Inflows Recently
As analyst Ali pointed out in a new post on X, Bitcoin accumulation addresses have been observing inflows recently. The “accumulation addresses” here refer to the wallets of the cryptocurrency’s perennial HODLers.
Certain conditions must be satisfied for an address to be included in this cohort. Perhaps the most characteristic is that the wallet must not record outgoing transfers.
This means that accumulation addresses are those who have only bought tokens (that is, received only incoming transfers) and never participated in any selling.
Addresses are also only considered to be part of this group once they have received at least two inflow transactions and hold greater than 10 BTC in their balance.
Exchange and miner-associated wallets are excluded from this class of inv
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