July 2024 witnessed a remarkable increase in Bitcoin holdings among large investors, setting a new record for net inflows since October 2014. This significant accumulation of Bitcoin by major holders suggests a bullish outlook for the cryptocurrency, driven by strategic bargain hunting and favorable market conditions.
Large Holders’ Record Accumulation
According to data from blockchain analytics firm IntoTheBlock and TradingView, large Bitcoin holders—those owning at least 0.1% of Bitcoin’s circulating supply—acquired over 84,000 BTC in July.·
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