Bitcoin demand (BTC) by investors who don’t sell their holdings in this digital currency has been triggered at a level that has never been seen before, according to data from Crypto Explorer on the Chain.
This is indicated by market metrics called Demand from accumulator addresses Or, in Spanish, he said there was a demand for cumulative addresses that were over 260,000 this week. This area was the biggest historic area to date, the last time at the end of last year.
Today, this is over 336,000, so New record of addresses that accumulate bitcoin without sellingreflecting our current belief in price.
“This metric tracks addresses acquired by BTC without selling, which gives us a sense of both demand and retention convictions,” explained an analyst known as DarkFost.
For Vivek Sen Market specialists, this accumulation comes from whales. Whales are investors with over 1,000 BTC and are considered “intelligent money” by purchasing waterfalls and selling them on mountain climbs. “They know what’s coming,” he said from his opinion.
This panorama takes place in the middle of a Important week at Bitcoin prices. He marked a new historic maximum of nearly $124,000 (USD) on Thursday, before retreating slightly, but showing strength above $117,000.
Inflation data is worse than what is planned in the US, Scott Becent, a comment from the Treasury Secretary, has led to a backlash, causing disappointment and confusion over how the government accumulates Bitcoin. Additionally, this adds sales pressure from those who use the increase to make a profit.
Despite the fall, solvency at levels close to Bitcoin’s historic maximum is driven by strong demand in the market and still maintains bullish expectations among experts such as Sen.
He emphasized that Money supply around the world is being usedTherefore, we predict that “Bitcoin will continue soon.” This is due to global M2 liquidity, a measure of money including bank distribution and deposit cash.
An increase in M2 means more money flows into the economy as a reflection of the vast monetary policy that reduces the value of money. In this context, Bitcoin is seen as a loss of purchasing power in the national currency, as an alternative to shelter to inflation, by its fixed supply.
Unlike Fíat Money, whose impressions are influenced by the government on duty, Bitcoin issuance is reduced by half every four years by halving. This makes it considers a lack of assets that drive demand.
