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Report: Bitcoin net accumulation trend continues, miner holdings reach 6-month high

Report: Bitcoin net accumulation trend continues, miner holdings reach 6-month high

2021/12/25

The CryptoQuant analysis team shared some recently obtained Bitcoin accumulation and sales data, according to reports. In general, the net accumulation of Bitcoin continues, but some whales have already sold some of their Bitcoin. According to CryptoQuant data, miners are still optimistic about Bitcoin, and their current inventory balance has reached the highest point in six months. According to an article by one of its analysts, Venturefounder, miners now own more Bitcoin than when Bitcoin reached its historic high of $69,000. He added that since July this year, miners had been increasing inventory. The CryptoQuant report also shows that Bitcoin is re-accumulating in large numbers at present. Recently, about 3700 bitcoins have been transferred from centralized exchanges. The report's author emphasized that the current level is similar to the cumulative rate in September. He added that the cumulative rate at that time pushed BTC up by approximately 70% from a low of $41,000.

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