BlockBeats news, September 26, according to Coindesk, according to Glassnode data, the Bitcoin ecosystem has recently shown a significant accumulation trend, with a net accumulation of 88,000 BTC in September, about 7 times the monthly issuance, the highest level since the fourth quarter of 2023. Data shows:
Retail investors continue to enter the market: As of September 25, 2024, "crabs" (1-10 BTC) and "shrimps" (less than 1 BTC) investors holding less than 10 BTC have accumulated 35,000 BTC in the past 30 days. Glassnode data shows that this trend has continued since May 2024, reflecting a significant increase in the confidence of small investors.
Exchange BTC outflows intensified: During the same period, about 40,000 BTC were withdrawn from exchanges, accounting for 0.21% of the total circulation. Currently, about 74% of the circulating supply of BTC is classified as illiquid assets, and this supply contraction may lay the foundation for future price increases.
Market analysis points out that the dual effects of retail accumulation and BTC outflows from exchanges may indicate that Bitcoin market momentum will continue to increase in the fourth quarter of 2024.
