Over 358,000 BTCs Transered In Permanent Accounts, Indicates Increasing Accumulation!

Author: Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 25, 2024 20:49

Notably, in a span of 30 days, over 358,000 Bitcoins (BTC) worth over $23 Billion have been shifted to permanent holder addresses. The recent buying spree has surpassed the previous accumulation periods during the past bull markets. With the price of Bitcoin hitting its all-time high (ATH) of $73,750.07 on 04th March this year, highlights a strong accumulation of the whales.