{"id":652302,"date":"2024-11-09T18:30:58","date_gmt":"2024-11-09T18:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652302"},"modified":"2024-11-09T09:09:32","modified_gmt":"2024-11-09T09:09:32","slug":"bitcoin-accumulation-ramps-up-investors-scoop-4-16-billion-in-four-days","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-accumulation-ramps-up-investors-scoop-4-16-billion-in-four-days\/","title":{"rendered":"Bitcoin Accumulation Ramps Up: Investors Scoop $4.16 Billion In Four Days"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The price of Bitcoin has turned in an impressive performance, forging successive all-time highs over the past week. Similarly, other large-cap assets, such as Ethereum, Solana, and Cardano, have been experiencing massive upside movement in the past few days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, the latest on-chain observation suggests that the crypto market \u2014 particularly Bitcoin \u2014 may not be done just yet. This projection is as <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-sentiment-danger-zone-extremely-greedy\/\" target=\"_blank\" rel=\"noopener \">investors seem to be doubling down<\/a>\u00a0on their positions rather than selling off their assets for some short-term gains.\u00a0<\/span><\/p>\n<h2><b>Bitcoin Investors Continue To Load Their Bags<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Popular crypto pundit Ali Martinez took to the X platform to <a href=\"https:\/\/x.com\/ali_charts\/status\/39975458\" target=\"_blank\" rel=\"noopener nofollow\">reveal<\/a> that Bitcoin accumulation addresses have been witnessing significant inflows over the last few days. This on-chain revelation is based on the spike in CryptoQuant\u2019s \u201cInflows to Accumulation Addresses\u201d metric.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/ethereum-news\/ethereum-jumps-10-as-defi-sentiment-rebounds-with-trumps-victory\/\" target=\"_blank\" rel=\"noopener \">Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump\u2019s Victory<\/a><\/div>\n<p><span style=\"font-weight: 400\">Accumulation addresses can be defined as addresses, excluding miners\u2019 and exchange addresses, that have zero outgoing transactions or at least haven&#8217;t spent their holdings over a period. Moreover, these addresses must have received at least two incoming transfers and hold more than 10 BTC. These Bitcoin addresses are usually controlled by major entities, including whales, institutional players, and so on.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/analyst-reveals-bitcoin-chopsolidation-phase-nears-end\/\" target=\"_blank\" rel=\"noopener \">CryptoQuant<\/a>, a whopping 57,800 BTC (equivalent to approximately $4.16 billion) has made its way to these accumulation addresses since November 3. As shown in the chart below, inflows into the Bitcoin accumulation addresses have been on the rise in recent weeks.<\/span><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/Gb3HDd2WcAAJHEP?format=jpg&amp;name=medium\" alt=\"Bitcoin\" width=\"1200\" height=\"675\"><figcaption class=\"wp-caption-text\">Source: Ali_charts\/X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Typically, this positive trend is a favorable sign for the price of BTC, which has been on a ride of its own in the past few days. The choice to \u201c<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-on-chain-indicator-signals-panic-selling-at-current-levels-time-to-hodl\/\" target=\"_blank\" rel=\"noopener \">hodl<\/a>\u201d rather than sell for profit also indicates the increased faith in the long-term success of Bitcoin, implying that major investors expect the flagship cryptocurrency to keep rising.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of this writing, the Bitcoin price stands at around $76,550, reflecting a measly 1% increase in the past 24 hours. However, the market leader is up by more than 10% on the weekly timeframe.<\/span><\/p>\n<h2><b>USDT Netflow On Exchanges Surpasses $2 Billion<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to a recent Quicktake post on the CryptoQuant platform, there has been a significant inflow of the USDT stablecoin into centralized exchanges. On-chain data <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/672e685a21a51523a6d21fb2-The-negative-netflow-of-Bitcoin-and-the-USDT-exchange-netflow-have-reached-2-bil\" target=\"_blank\" rel=\"noopener nofollow\">shows<\/a> that the stablecoin\u2019s net inflows have crossed $2 billion, its highest level since December 2022.<\/span><\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/4545\/quicktake\/5Bmo0NX_45caf23b4c9dc5e7e069595774197395374c251bda85fa20a3a17cc58e0cf2b6.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-price-prediction-break\/\" target=\"_blank\" rel=\"noopener \">Cardano Price Prediction: Analyst Sounds Alarm Of Break Through Key Resistance, Why A Rally Could Follow<\/a><\/div>\n<p><span style=\"font-weight: 400\">Higher stablecoin balances (which are often used as an indicator of increased liquidity) suggest a high amount of buying power for investors, leading to elevated investor demand. If this rising liquidity on exchanges is correlated with the growing accumulation, it could positively impact the Bitcoin price.<\/span><\/p>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/uGnpj41C\/\" alt=\"Bitcoin\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of BTC on the daily timeframe | Source: BTCUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/uGnpj41C\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\"><em>Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin has turned in an impressive performance, forging successive all-time highs over the past week. Similarly, other large-cap assets, such as Ethereum, Solana, and Cardano, have been experiencing massive upside movement in the past few days. Interestingly, the latest on-chain observation suggests that the crypto market \u2014 particularly Bitcoin \u2014 may not be done just yet. This projection is as investors seem to be doubling down\u00a0on their positions rather than selling off their assets for some short-term gains.\u00a0 Bitcoin Investors Continue To Load Their Bags Popular crypto pundit Ali Martinez took to the X platform to reveal that Bitcoin accumulation addresses have been witnessing significant inflows over the last few days. This on-chain revelation is based on the spike in CryptoQuant\u2019s \u201cInflows to Accumulation Addresses\u201d metric. Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump\u2019s Victory Accumulation addresses can be defined as addresses, excluding miners\u2019 and exchange addresses, that have zero outgoing transactions or at least haven&#8217;t spent their holdings over a period. Moreover, these addresses must have received at least two incoming transfers and hold more than 10 BTC. These Bitcoin addresses are usually controlled by major entities, including whales, institutional players, and so on. According to data from CryptoQuant, a whopping 57,800 BTC (equivalent to approximately $4.16 billion) has made its way to these accumulation addresses since November 3. As shown in the chart below, inflows into the Bitcoin accumulation addresses have been on the rise in recent weeks. Typically, this positive trend is a favorable sign for the price of BTC, which has been on a ride of its own in the past few days. The choice to \u201chodl\u201d rather than sell for profit also indicates the increased faith in the long-term success of Bitcoin, implying that major investors expect the flagship cryptocurrency to keep rising. As of this writing, the Bitcoin price stands at around $76,550, reflecting a measly 1% increase in the past 24 hours. However, the market leader is up by more than 10% on the weekly timeframe. USDT Netflow On Exchanges Surpasses $2 Billion According to a recent Quicktake post on the CryptoQuant platform, there has been a significant inflow of the USDT stablecoin into centralized exchanges. On-chain data shows that the stablecoin\u2019s net inflows have crossed $2 billion, its highest level since December 2022. Related Reading: Cardano Price Prediction: Analyst Sounds Alarm Of Break Through Key Resistance, Why A Rally Could Follow Higher stablecoin balances (which are often used as an indicator of increased liquidity) suggest a high amount of buying power for investors, leading to elevated investor demand. If this rising liquidity on exchanges is correlated with the growing accumulation, it could positively impact the Bitcoin price. Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":630707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,83982,1119,78790,83531],"class_list":["post-652302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-accumulation","tag-btc","tag-btcusdt","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Bitcoin Accumulation Ramps Up: Investors Scoop $4.16 Billion In Four Days<\/title>\n<meta name=\"description\" content=\"The price of Bitcoin has turned in an impressive performance, forging successive all-time highs over the past week. 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. 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