Recent data analysis shows a surge in Bitcoin inflows to unique addresses that have never executed a sale transaction before the recent market recovery began.<\/p>\n
A market analyst noted that these accumulation addresses, which represent long-term holders within the Bitcoin network, have witnessed a substantial increase in incoming activity.<\/p>\n
The criteria for these “accumulation addresses” include having no history of outgoing transactions, at least two incoming transactions within the last seven years, and holding more than 10 BTC.<\/p>\n
Exchanges and miner wallets are not included in this group, as they typically represent sellers in the market.<\/p>\n
A recent spike in Bitcoin inflows to these addresses occurred on the 15th of the month, totaling 17,800 BTC, valued at nearly $1.1 billion at the time of purchase.<\/p>\n
Following this influx, Bitcoin’s price surged, surpassing $71,000 shortly after. It is suggested that these investors, often viewed as “smart money,” anticipated the market uptrend and strategically accumulated more Bitcoin.<\/p>\n
Past instances of similar spikes in accumulation have preceded bullish price movements in Bitcoin, indicating a possible positive correlation.<\/p>\n
The collective value of Bitcoin holdings within these unique addresses now exceeds $1.24 billion, showcasing the favorable outcomes of their strategic accumulation.<\/p>\n
As of the latest data, Bitcoin is currently trading at approximately $69,600, showing a 13% increase over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Inflows Surge to Accumulation Addresses Recent data analysis shows a surge in Bitcoin inflows to unique addresses that have never executed a sale transaction before the recent market recovery began. A market analyst noted that these accumulation addresses, which represent long-term holders within the Bitcoin network, have witnessed a substantial increase in incoming activity. […]<\/p>\n","protected":false},"author":1,"featured_media":12157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Large Bitcoin Buyers Identified Before Price Surge, New Data Reveals - Bitrabo","description":"Bitcoin Inflows Surge to Accumulation Addresses Recent data analysis shows a surge in Bitcoin inflows to unique addresses that have never executed a sale transa"},"footnotes":""},"categories":[316],"tags":[4283,1747,989,448,3097,1231,4282,518,917],"class_list":["post-12156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-accumulators","tag-ahead","tag-big","tag-bitcoin","tag-bought","tag-data","tag-perennial","tag-rally","tag-shows"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12156"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12157"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}