![]() ![]() ![]() Other categories of Bitcoin holders have also been increasing. View metric: /KKmBk4JLwG- glassnode alerts March 1, 2022 ![]() □ #Bitcoin $BTC Number of Addresses Holding 0.1+ Coins just reached an ATH of 3,354,894 It points to the fact that fewer coins will be involved in short-term market sell-offs, leading to lesser volatility in the price of Bitcoin. The increase is highly bullish for the market. The increase in the Bitcoin wallets that have entered this category indicates massive long-term HODLing sentiment. Glassnode defines this category of addresses as Bitcoin wallets that have at least 2 incoming non-dust transfers but have never spent funds. This surpasses the previous all-time high of around 550,000 addresses the metric set in January. ![]() Per data from on-chain analytics platform, Glassnode, the number of Bitcoin accumulation addresses is sitting at just under 570,000. Bitcoin accumulation addresses going parabolic One such indicator, Bitcoin accumulation addresses, has continued to rise phenomenally in the last few days and is currently at an all-time high. On-chain data continues to point towards the long-term bullishness of Bitcoin investors. The price of Bitcoin has been staging an impressive upsurge amid geopolitical risks.The highly bullish metric is coming on the back of increased on-chain activity.Bitcoin accumulation addresses have reached a new all-time high. ![]()
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