In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance of around 13,500 BTC. Such intense accumulation has not been seen since Q4 2023, a period that saw a rapid increase in bitcoin’s price.
Related posts
-
ETH price could drop to $200 in bear market
Ethereum could see a drastic price drop to as low as $200–$400 if the crypto market... -
Bitcoin Slips Below $80,000—Here’s What Could Happen Next
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry... -
XRP Price Eyes Upside—Stronger Recovery Odds Compared to BTC
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious...