Bitcoin hodlers moved $1.7B into ‘accumulation’ wallets during the BTC dip
A record 27,700 Bitcoin was sent to ‘accumulation addresses’ on April 16, as the price of Bitcoin tumbled below $63,000.
Hardcore Bitcoin (BTC) holders added a record $1.7 billion worth of BTC to ‘accumulation’ wallet addresses in a single day as the price of Bitcoin fell below $63,000 earlier this week.
More than 27,700 BTC — worth $1.75 billion at current prices — was sent to accumulation addresses in a single 24-hour period between April 16 to 17, a new daily record for Bitcoin, per the latest data from CryptoQuant.
The previous record — where 25,500 BTC was sent to accumulation addresses in a single day — was notched on March 23 this year, when the price of Bitcoin was also hovering around the $63,500 mark.
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Author: Tom Mitchelhill
