- The phenomenon of accumulating Bitcoin in personal wallets is accelerating, showing belief in a long-term rise.
- It was stated that wallets with a long-term holding tendency are leading this trend.
- The amount of Bitcoin held in exchanges is decreasing at an all-time high rate, interpreted as investors' intention to store directly rather than in exchanges.
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Image=CryptoQuant
The phenomenon of accumulating Bitcoin (BTC) in personal wallets is accelerating. It is interpreted as showing belief in the long-term rise of Bitcoin.
On the 23rd, 'elcryptotavo' from the on-chain data analysis platform CryptoQuant stated, "There is no sign of slowing down in Bitcoin accumulation, especially with long-term holding wallets leading this trend."
He added, "Conversely, the amount of Bitcoin held in exchanges is decreasing at an all-time high rate," and "This is interpreted as investors preferring to store assets directly rather than in exchanges."
Meanwhile, Bitcoin is trading at around $102,000 on the Binance Tether (USDT) market, down approximately 3.5% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
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