On-chain data shows the Bitcoin inflows going towards “accumulation wallets” have hit a new all-time high, a sign that could be bullish for the asset.
Bitcoin HODLer Inflows Recently Hit 25,300 BTC
As explained in a post on X by Ki Young Ju, the founder and CEO of the on-chain analytics firm CryptoQuant, Bitcoin inflows toward accumulation wallets have hit a new ATH.
Now, what exactly are accumulation addresses? According to Ju, the wallets that satisfy the following five conditions are counted among these accumulation addresses.
The first condition is that the address must have no outgoing transaction. This naturally means that an accumulation address would have only witnessed incoming transfers.
Second, the balance of the address should be at least 10 BTC. At the current cryptocurrency exchange rate, this lower limit is equivalent to around $512,000.
The third rule is that the address shouldn’t be part of centralized exchanges or miners. These two are special entit
We współpracy z: https://bitcoinist.com/bitcoin-bullish-signal-inflows-hodler-wallets-ath/
