Will Bitcoin Price Rise Continue? Investors Are Saving

There has been a significant accumulation movement in the Bitcoin (BTC) ecosystem over the past 30 days. Approximately 88,000 BTC were net accumulated during September.

This period of strong accumulation corresponds to approximately seven times the monthly Bitcoin issuance of 13,500 BTC. Such intense accumulation has not been seen since the last quarter of 2023, when Bitcoin’s price was rising rapidly.

The role of small investors is increasing

A detailed analysis shows that a large part of this accumulation was made by retail investors.

In particular, small investors with less than 10 BTC, i.e. “crabs” (those who own less than 10 BTC) and “shrimps” (those who own less than 1 BTC), accumulated 35,000 BTC in the past 30 days. This trend has been ongoing since May and shows that small investors are gaining confidence in the market.

A large outflow of BTC from exchanges

Another important factor supporting the Bitcoin price is the large outflow of BTC from exchanges. In the last 30 days, 40,000 BTC have been withdrawn from exchanges, indicating that liquidity in the market is decreasing.

Currently, 74 percent of the Bitcoin supply in circulation is considered illiquid, meaning that these assets will not be traded in the market in the near future. The increase in this illiquid supply could contribute to further reducing the selling pressure on the market and strengthening Bitcoin's upward momentum in the coming monthsOptimistic expectations for the futureThe strong accumulation of retail investors and the withdrawal of BTC from exchanges are important signals that Bitcoin could gain value in the coming months. The fact that there are fewer Bitcoins in circulation in the market could support the Bitcoin price in terms of supply-demand balance.These conditions increase the potential for Bitcoin to continue its rise.