November 22, 2024
Bitcoin Price (BTC) Optimism Suggested by Retail Accumulation and Crypto Exchange Outflows
 #CriptoNews

Bitcoin Price (BTC) Optimism Suggested by Retail Accumulation and Crypto Exchange Outflows #CriptoNews

Cash News

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.