Despite Fixed Prices in Bitcoin and Ethereum, Investors Exploded!

The analyst commented on what the growth surge in addresses accumulating Bitcoin and Ethereum means for cryptocurrencies.

In an analysis published on May 31, a writer from on-chain data and analysis account CryptoQuant touched upon what the growth surge in addresses accumulating Bitcoin and Ethereum means for cryptocurrencies.

Addressing the current demand trend in the cryptocurrency market by examining the savings addresses for Bitcoin (BTC) and Ethereum (ETH), the analyst said that there has been a significant increase in savings addresses over the past month, despite stable prices and small growths compared to previous months.

Stating that the situation in question shows that investors continue to increase in the case of price stability in Bitcoin and Ethereum, the analyst stated that more investors are willing to switch to the buyer side.

The CryptoQuant analyst also pointed out that investors are eager to buy Bitcoin and Ethereum.