Bitcoin Demand Shows Signs of Resilience Amid Price Dip and Sustained Accumulation Trends
Main Idea
Bitcoin demand remains resilient despite price dips, with significant accumulation of BTC and strong institutional buying, indicating sustained investor confidence.
Key Points
1. Over 160,000 BTC accumulated in the past 30 days, demonstrating strong demand.
2. Accumulator addresses, which continuously acquire BTC without selling, added approximately 50,000 BTC recently.
3. OTC desk BTC supply declined from around 550,000 in September 2021 to approximately 145,000, indicating institutional absorption of supply.
4. Short-term holders face pressure due to price drops, but overall demand remains strong.
5. Market analyst data confirms demand exceeds supply despite price volatility, reflecting healthy market fundamentals.
Description
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