Big Move: Bitcoin’s Long-Term Holders Add $33 Billion Worth of BTC 🐳

Long-term Bitcoin holders have added 1.10 million #BTC ($33 billion) to their holdings in the past year, reaching an all-time high of 14.52 million BTC (75% of circulating supply).

#HODLing seems favored by mature investors. Bitcoin's realized cap is around $400 billion, indicating steady capital inflow.

Whale-to-exchange net flows increased to 4,000-6,500 BTC/day in June and July. Fundstrat Research predicts a 521% price rise to $180,000 before Bitcoin's halving in April 2024, with the potential impact of a Bitcoin ETF adding $100 million daily demand.

The next #halving event is less than 40,000 blocks away. ⏳

#Binance

#crypto2023