Bitcoin

<ul><li>Bitcoin holders are accumulating BTC, with on-chain data revealing record low exchange holdings and a surge in inactive supply.</li><li>Glassnode&#39;s chart reveals a dormant Bitcoin ecosystem with record inactivity in addresses over one, three, and five years since July 2023.</li><li>CryptoQuant reveals consistent Bitcoin outflows from exchanges, leaving just 2 million BTC on platforms.</li></ul>In a captivating twist in the cryptocurrency world, Bitcoin holders are on a mission to accumulate more BTC. Recent on-chain data <a href="https://studio.glassnode.com/workbench/110c60cd-ea52-4490-5779-a499a21c3ba6" rel="noopener noreferrer nofollow">revealed</a> that Bitcoin exchange holdings have plunged to yearly lows, while the percentage of inactive Bitcoin supply has surged to unprecedented heights.Glassnode, a prominent blockchain analytics firm, presented an intriguing <a href="https://studio.glassnode.com/dashboards/btc-supply-scarcity" rel="noopener noreferrer nofollow">insight</a> into the state of Bitcoin holdings. Their <a href="https://cryptotale.org/is-bitcoin-set-for-a-rally-pre-halving-crypto-analysts-share-insights/" rel="noopener noreferrer nofollow">Bitcoin</a> supply&#39;s last active chart shows an increasingly dormant Bitcoin ecosystem. For addresses that have not seen any movement for one-, three-, and five-year intervals, an all-time high in inactivity has been recorded since the onset of July 2023.This compelling data resonates with the findings from <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, a cryptocurrency tracking juggernaut. Their analysis of wallet addresses, categorized by the duration of Bitcoin holding, tells an astonishing story. Approximately 69% of these addresses, equivalent to a staggering 36.8 million, have clung to their Bitcoin investments for over a year.Read full article at <a href="https://cryptotale.org/bitcoin-accumulation-on-the-rise-as-exchange-holdings-hit-yearly-lows/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Accumulation on the Rise as Exchange Holdings Hit Yearly Lows

CryptoTale

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