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400 thousand Bitcoins moved to ‘holder’ addresses: “Something is happening behind the scenes”

Stating that 400 thousand BTCs were moved to “permanent holder” addresses, CryptoQuant CEO Ki Young Ju wrote, “I am quite certain that something is happening behind the scenes.”

In these days when price changes in Bitcoin are very sharp, wallet movements are also under the spotlight. Ki Young Ju, CEO of CryptoQuant, a platform that tracks wallet transactions and blockchain data, drew attention to an important movement.

Ki said, “I am quite certain that something is happening behind the scenes,” and wrote that 404 thousand 448 BTCs were moved to “permanent holder” addresses in the last 30 days. The CryptoQuant CEO continued, “This is clearly an accumulation movement. We will find out what happened in a year.”

Within a year, TradFi institutions, companies or governments will announce that they bought Bitcoin in Q3 2024. And individual investors will regret not buying it because of the German government’s sale, Mt. Gox or whatever macroeconomic nonsense is going on.”

The term “permanent holder” refers to a person or organization that intends to hold a cryptocurrency for a long time.

*Stay tuned for developments