Data: Demand for Bitcoin accumulation addresses hits all-time high, with accumulated amount exceeding 266,000 BTC
Jinse Finance reported that, according to on-chain analytics platform CryptoQuant, demand for Bitcoin accumulation addresses has reached a historic high, with accumulated holdings exceeding 266,000 BTC. This indicates that, against the backdrop of enterprises adopting Bitcoin as a reserve asset, long-term holders are exhibiting a strong trend in their behavior.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan raises BlackRock's target price to $1,449
ECB’s Dolenc says central bank may not have to do as much if markets tighten
BlackRock CEO Larry Fink warns: AI infrastructure has become the backbone of the US economy, halting data center construction will trigger a recession
BlackRock CEO Larry Fink has issued a rare recession warning, stating that if the United States imposes any form of moratorium on data center construction, the economy will plunge directly into recession. As the midterm elections approach, the construction of AI infrastructure has escalated from a business issue to a political bombshell. Analysts predict that AI capital expenditures could surpass 1 trillion dollars by 2027. Any disruption in policy would trigger a chain reaction impacting the supply chain, job market, and energy industry.
BTC market dominance rises to 60.46%
Crypto prices
More
