

Bitcoin (BTC) Is in an Accumulation Phase, According to the Chief Executive of CryptoQuant
Ki Young Ju tells his 356,900 followers on the social media platform X that 358,000 BTC moved to permanent holder addresses in the past month.
Bitcoin (BTC) is accumulating among whales, the CEO of CryptoQuant suggests, highlighting a key indicator.
Ki Young Ju tells his 356,900 followers on the social media platform X that 358,000 BTC moved to permanent holder addresses in the past month.
The global spot exchange-traded (ETF) inflows in July, on the other hand, were only 53,000 BTC.
“Throughout the month of July, 358,000 BTC moved into permanent holder addresses. Meanwhile, the global spot ETF inflows were 53,000 BTC.
Though not all remaining BTC is in custody wallets, whales are clearly accumulating. And it’s an unprecedented level.
The recent BTC inflows into permanent holder addresses are not due to ETF wallets. These wallets are neither exchange nor miner wallets and have no outflows; they are mostly custodial wallets.”
Young Ju also explains how he identifies the early stages of a transition between an accumulation and a distributive environment.
“For retail distribution on-chain, I use indicators capturing the increase in realized cap within a month.
If there are low inflows to accumulation addresses and a high realized cap for under a month, driven by retail activities like deposits to exchanges, I would say it’s a distributive environment.”
The realized cap metric notes the price of each Bitcoin the last time it moved and aims to gauge how many holders are in profit or at a loss.
BTC is changing hands at $65,720 at the time of writing.
The above is the detailed content of Bitcoin (BTC) Is in an Accumulation Phase, According to the Chief Executive of CryptoQuant. For more information, please follow other related articles on the PHP Chinese website!

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

In the past 24 hours, the general crypto market has recovered as digital assets shake off bearish sentiments. Within this time frame

Key market indicators, like the relationship between Bitcoin and market volatility (BTC/VIX ratio) and the total crypto market capitalization on weekly charts

As meme coins continue to take the crypto world by storm, savvy investors are constantly looking for the next big opportunity.

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

A Pennsylvania man faces federal prison after pleading guilty to flipping more than $13 million worth of digital art from the infamous CryptoPunks NFT collection — and reporting none of it to the IRS, prosecutors said Friday.

In recent times, meme coins have emerged as a unique and exciting investment opportunity, drawing both seasoned investors and newcomers alike.

Toncoin appears to be positioning itself for a short-term rebound after enduring a week of market-wide losses that affected most cryptocurrencies.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.

DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

SublimeText3 English version
Recommended: Win version, supports code prompts!

Notepad++7.3.1
Easy-to-use and free code editor

Atom editor mac version download
The most popular open source editor