Bitcoin Price 21% Dip ‘normal’ As Accumulator Wallets Buy 50k Btc...

Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC on Tuesday, new data confirmed.

Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record.

Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months.

The drawdown from October’s all-time high remains within “normal parameters.”

Bitcoin (BTC) accumulation is hitting record levels as a trader plays down the sub-$100,000 BTC price dip.

Data from onchain analytics platform CryptoQuant published on X Wednesday by contributor Darkfost shows buyers adding 375,000 BTC in just one month.

Bitcoin hodlers may be busy distributing their holdings to the market, but there is still plenty of demand among some buyers.

CryptoQuant numbers tracking so-called “accumulator addresses” — wallets that only buy and never sell — show new records being set in October.

“With more than 375,000 BTC accumulated over a 30-day change, these accumulator addresses have just set a new all-time high in BTC purchases,” Darkfost wrote.

On Tuesday, accumulators added 50,000 BTC as the price dropped under the $100,000 mark for the first time since June.

Source: CoinTelegraph