This week, an all-time record was broken in wallets that accumulate Bitcoin instead of actively selling it.
Ki Young Ju, CEO of blockchain analysis firm CryptoQuant by According to the information provided, in the Bitcoin network “accumulation address” to addresses described as 25 thousand 300 Bitcoins in one day entry.
Accumulation addresses; It consists of addresses that have not made any external transactions, have at least 10 BTC, do not belong to central exchanges or miners, have purchased coins at least twice so far, and have made transactions within the last seven years at the latest.
Bitcoins accumulated in these addresses cause the supply in circulation to decrease and therefore easing selling pressure may cause.
According to CryptoQuant data, it was also traded on Coinbase exchange at the beginning of this week. 18 thousand Bitcoins came out and these are probably to wallets other than exchanges transferred.
