Bitcoin Shows Positive Demand Shift Amid Large Holder Accumulation
- Bitcoin’s 90-day buy/sell pressure delta has returned to positive territory, indicating buyers are outweighing sellers.
- Wallets holding between 10 and 10,000 BTC accumulated a total of 41,025 BTC in the last ten days.
- Large holders now control 67.93% of Bitcoin’s total supply, with their combined balance reaching 13.64 million BTC.
- The smallest wallets (<0.01 BTC) remain largely inactive, highlighting a divergence in market behavior among different holder categories.
- Analysts warn that while demand is recovering, it does not yet confirm a sustainable uptrend for Bitcoin prices.
The recent shift in Bitcoin’s buy/sell pressure and significant accumulation by large holders suggest potential market strength, although analysts caution against premature conclusions regarding sustainability. The current dynamics reflect historical trends where large holder activity often precedes stronger market performance.
As wallets holding between 10 and 10,000 BTC added over 41,000 BTC, the overall sentiment may be shifting positively, but analysts remain cautious about confirming a lasting price increase.Source
