Recent data analysis shows a significant increase in Bitcoin accumulation among super holders, indicating a planned move prior to the cryptocurrency’s price increases. According to insights offered by Ki Young Ju, CEO of CryptoQuant, Bitcoin inflows into accumulation addresses have reached an all-time high of 25,300 Bitcoin.
Specific parameters characterise the spike in accumulating addresses. These addresses have no outgoing transactions, a balance of more than 10 BTC, are not affiliated with centralised exchanges or miners, have received more than two incoming transactions, and have been active during the previous seven years.
The analyst’s graph shows a regular pattern: accumulation peaks immediately before Bitcoin’s price reaches its high. This strategic accumulation implies a deliberate attempt by important holders to accumulate Bitcoin holdings far in advance of price increases, rather than at the exact moment of market highs.
This pattern happens while Bitcoin’s current price is 34% below its all-time high of $69,000. However, it is important to remember Ki Young Ju’s comment about Bitcoin’s price drop. This indicator, which measures price drop from peak, has never been higher than 23%.
https://x.com/ki_young_ju/status/1760114830206554495?s=20
The intentional accumulation witnessed by Bitcoin super holders highlights the complicated dynamics at play in the cryptocurrency market. As investors and experts continue to closely monitor BTC, such accumulation patterns give significant insights into market behaviour and probable future price moves.
Overall, the increase in Bitcoin accumulation in super holders’ wallets indicates optimistic mood and strategic positioning among big cryptocurrency players.
