The market is selling off a large amount of BTC, and now the market is too busy to buy

The proportion of weekly active addresses on the Bitcoin network has dropped to a low of 1.22%, lower than the record set in November 2010.

In addition, the total number of active wallets has also reached a multi-year low, with 614,770 weekly active addresses recorded on May 27, the lowest record since December 2018.

Since the halving, the number of BTC withdrawn from miner-related wallets has dropped from more than 50,000 per day to less than 10,000, a drop of 85%.

Selling continues:

A wallet that has been idle for 6 years deposited 1,000 BTC to Coinbase Prime 4 hours ago.

The US government currently holds a total of 213,039.59 BTC, with a current dollar value of approximately $13.15 billion.

A miner wallet deposited 50 BTC to Binance 7 hours ago after 14 years of silence.

In the past 7 days, the German government has transferred a net of 3,500 BTC ($225 million), most of which went to CEX, with an average price of $64,364.

Grayscale transferred 242 BTC to the Coinbase Prime address.

#BTC走勢分析 #美国PCE数据将公布 #Mt.Gox将启动偿还计划