Data: Bitcoin cumulative addresses had bought a large amount of BTC before the price rebounded
According to CryptoQuant data, Bitcoin's cumulative addresses saw a massive inflow of funds on the 15th of this month, with a total of 17,800 BTC flowing in. At that time, the price of cryptocurrency was about $61,600, so their purchase cost was nearly $1.1 billion. It is reported that "cumulative address" refers to addresses on the network with no selling history. An address must have at least two incoming transactions, and the last one must have occurred within the past seven years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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