On-chain data shows the Bitcoin “accumulation addresses” have observed all-time high inflows following the latest asset price slump.
Bitcoin Accumulation Addresses Have Aggressively Bought The Dip
As an analyst in a CryptoQuant Quicktake post pointed out, the total Bitcoin inflows going towards the accumulation addresses have set a new all-time high recently.
The “accumulation addresses” here refer to wallets that have only a history of receiving transactions and never of sending. This means that these addresses have only purchased coins and have never participated in any selling.
Besides this definition, fewer other restrictions exist for an address to be considered a part of this group. The wallet should have received at least two transfers (as only one transaction wouldn’t be enough to set the trend one way or another), and its balance should be greater than 10 BTC.
Even if they satisfy these conditions, miners and exchange-associated wallets are still exclude
We współpracy z: https://bitcoinist.com/bitcoin-hodlers-selling-bought-all-time-high-amount/
