Retail accumulation absorbs fresh supply, propels Bitcoin to record highs
Despite heavy institutional buying after the $110,000 was breached, retail accumulation laid the groundwork by draining exchange balances for months.
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Despite heavy institutional buying after the $110,000 was breached, retail accumulation laid the groundwork by draining exchange balances for months.
Gino Matos 2 min read
A Keyrock report priced the treasury company cohort at an aggregate 73% premium to the net value of their coins.
Wallets holding 1,000 BTC to 10,000 BTC shed roughly 14,000 BTC since June 30, while short-term holders added about 382,000 BTC in the same window.
The Fed announcing rate cuts on the horizon could drive Bitcoin above the $110,000, starting a new upside momentum.
Bitfinex Securities' tokenized equity offerings aim to lower entry barriers and broaden alternative investment access.
Despite reversing the correction started on June 12, Bitcoin must break the top of the current consolidation channel to confirm further upside.
Despite the slight correction, Bitcoin is holding above the realized price of $106,900 registered by investors who bought BTC in the past 24 hours.
In addition to the 21,000 BTC transferred, Tether also sent 4,812.22 BTC related to Twenty One Capital's acquisition on May 13.
Tether executed the acquisition and the BTC amount was placed in a designated wallet pending the close of the private investment in public equity financing.