Recent analytical data confirms that long-term Bitcoin holders continue to accumulate the asset, indicating their confidence in future prospects.
Long-term Bitcoin holders accumulate assets
Data from CryptoQuant indicates that the supply of Bitcoin held by long-term investors has reached historic highs, with around 800,000 Bitcoin added each month, signaling strong conviction among holders.
Growing interest from large investors
Other metrics show an increase in wallets holding at least 10 Bitcoin, reaching their highest level since March. This growth is observed during market fluctuations, emphasizing a bullish market structure.
Market balance and sentiment indicators
While Bitcoin's price remains steady, technical indicators show a balance in the market. The Relative Strength Index (RSI) stands at 53.68, indicating neutral conditions with no significant buying or selling pressure.
Long-term and large investors continue to accumulate Bitcoin, creating a foundation for potential price growth despite current market volatility.
