Bitcoin long-term holders accumulate 1.6% of market circulation in 9 days... "Starting a rebound?"

BTC Long-Term Holders Accumulate 297,000 BTC in 9 Days

Recently, a forecast has been raised that Bitcoin (BTC) may soon rebound based on the accumulation movement of long-term Bitcoin holders.

On the 17th, Alex Adler, a crypto quant analyst, pointed out through his X account that Bitcoin long-term holders have accumulated 297,000 BTC over the past 9 days.

On-chain data classifies those who have held Bitcoin for more than 155 days as 'Bitcoin long-term holders'. Bitcoin long-term holders are those who accumulate Bitcoin regardless of short-term Bitcoin, and their movements are used as an important reference for Bitcoin.

Adler stated, "Bitcoin long-term holders have accumulated 297,000 BTC" and added, "Do I need to say more?"

Generally, the market circulation volume of Bitcoin, excluding lost quantities, is usually set at 19 million. According to the data presented by Adler, Bitcoin long-term holders have purchased approximately 1.6% of the market circulation volume in the past 9 days.

Reporter Seung-won Kwon ksw@blockstreet.co.kr