search
Homeweb3.0Bitcoin (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 in an Accumulation Phase, According to the Chief Executive of CryptoQuant

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!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Apr 12, 2025 am 11:42 AM

We all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.

A Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsA Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsApr 12, 2025 am 11:40 AM

In today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.

Can Cardano (ADA) Really Hit $2 in 2025?Can Cardano (ADA) Really Hit $2 in 2025?Apr 12, 2025 am 11:38 AM

The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Apr 12, 2025 am 11:36 AM

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses

FARTCOIN Price Prediction:  Can This Meme Coin's Price Continue Its 250% Surge?FARTCOIN Price Prediction: Can This Meme Coin's Price Continue Its 250% Surge?Apr 12, 2025 am 11:34 AM

FARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.

Bitcoin (BTC) Price Risks Drop To $74,000 If This HappensBitcoin (BTC) Price Risks Drop To $74,000 If This HappensApr 12, 2025 am 11:32 AM

Crypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.

Grayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsGrayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsApr 12, 2025 am 11:30 AM

Grayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.

Coldware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpColdware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpApr 12, 2025 am 11:28 AM

The world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools