Bitcoin investors continue to accumulate assets

Analysts from the Glassnode team periodically pay attention to the accumulative strategy of bitcoin investors.

Their report states that over the past several months, the purchase of BTC has continued despite systematic pullbacks in the price of the coin.

The day before the largest digital currencyfell below $11,500. However, accumulation still continues. This is evidenced by data on a sharp increase in the number of large addresses with a thousand or more bitcoins.

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Today, the cryptocurrency is trading at $ 11,406, it was able to recoup a little after falling to $ 11,250. Volatility after a sharp pullback has weakened, and now it is still low.

The researchers stressed that at the moment more than 500,000 addresses are cumulative. They control a total of 2.6 million BTC.

Moreover, the owners of such wallets did not selltheir cryptocurrency for seven years. Miners and exchanges are not included in this list. Apparently, the accumulation trend will dominate in the long term, analysts say.

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