Accumulation addresses are a classification developed by CryptoQuant that tracks addresses that have no outgoing transactions, excluding miners and exchanges.
This tracking also takes into account addresses that hold more than 10 BTC and that have been active in the last 7 days.
Although this metric is updated daily, it ends up providing insight into the interest in long-term accumulation.
Between April and May, accumulation addresses reduced the absorption of coins, but from June onwards this dynamic returned.
Recently, these addresses accumulated around 72.5 thousand BTC and in the last 30 days, they saw daily inflows of 12.5 thousand BTC. If this trend continues, it could positively influence market prices.
Written by caueconomy
