Bitcoin

The post <a href="https://cryptosnewss.com/long-term-bitcoin-holders-surge-194-billion-now-in-accumulation-addresses/" rel="noopener noreferrer nofollow">Long-Term Bitcoin Holders Surge: $194 Billion Now in Accumulation Addresses</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.Bitcoin accumulation addresses now hold over $194 billion worth of BTC, reflecting an unprecedented rate of long-term investment as investors continue to &#34;stack sats.&#34;Bitcoin accumulation addresses, which have never seen outflows, have doubled their holdings in 2024, reaching 2.9 million BTC. These addresses, controlled by individual or institutional investors, have consistently increased their holdings over the past decade.Analysts have <a href="https://cryptoquant.com/insights/quicktake/67165816fb0ff075545330d5-The-total-BTC-amount-in-Bitcoin-accumulation-addresses-has-surpassed-29-million-" rel="noopener noreferrer nofollow">pointed </a>out that these wallets now hold more BTC than ever before, showing strong market confidence. At the start of 2024, these addresses held 1.5 million BTC, but now stand at nearly double that, suggesting robust demand.Interestingly, these addresses are different from exchange cold wallets, as they belong to long-term holders with at least 10 BTC each.Read more: <a href="https://cryptosnewss.com/bitcoin-hash-rate-hits-record-high-what-does-this-mean-for-crypto/" rel="noopener noreferrer nofollow">Bitcoin Hash Rate Hits Record High, What Does This Mean for Crypto?</a>Since the 2021 bull market, they have shown steady accumulation, despite market fluctuations. Notably, institutional interest in Bitcoin continues to grow, fueled in part by regulatory developments like the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), which saw $22 billion in inflows, mostly dominated by BlackRock’s Bitcoin Trust.As Bitcoin pushes towards new heights, analysts expect these accumulation addresses to hold even more BTC by the year&#39;s end, surpassing $70,000 per Bitcoin.This accumulation trend could signal strong upward momentum in Bitcoin&#39;s price, reflecting faith in the cryptocurrency’s long-term value. However, investors should remain cautious, as market volatility remains a factor to consider.The post <a href="https://cryptosnewss.com/long-term-bitcoin-holders-surge-194-billion-now-in-accumulation-addresses/" rel="noopener noreferrer nofollow">Long-Term Bitcoin Holders Surge: $194 Billion Now in Accumulation Addresses</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Long-Term Bitcoin Holders Surge: $194 Billion Now in Accumulation Addresses

Cryptos Newss

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