đăThe Bitcoin ecosystem is ushering in a new trend: retail accumulation and exchange outflows are parallelăđ
Hello everyone! Today we will talk about the latest developments in the Bitcoin market. According to reports from BlockBeats and Coindesk, data from Glassnode revealed significant changes in the Bitcoin ecosystem in September. Letâs take a look at these interesting findings!
First of all, the net accumulation of Bitcoins in September reached a staggering 88,000, which is 7 times the monthly issuance! This is the highest level since the fourth quarter of 2023. Does this data surprise you? Don't worry, there are more interesting details.
**Retail investors continue to enter the market**
As of September 25, 2024, investors in the "crab" (1-10 BTC) and "shrimp" (less than 1 BTC) categories who hold less than 10 Bitcoins have cumulatively increased their holdings in the past 30 days. 35,000 Bitcoins. This trend has continued since May 2024 and reflects a significant increase in confidence among small investors. It seems that more and more retail investors are beginning to have a strong interest in Bitcoin and are entering the market one after another.
**Exchange BTC outflows intensify**
At the same time, approximately 40,000 Bitcoins were withdrawn from exchanges, accounting for 0.21% of the total circulating supply. Currently approximately 74% of Bitcoinâs circulating supply is classified as illiquid. This means that more and more Bitcoins are held by investors for the long term rather than frequently traded in the market. A contraction in supply could set the stage for future price increases.
**Market Analysis and Prospects**
Market analysis points out that the dual effects of retail investor accumulation and exchange outflows of Bitcoin may indicate that the Bitcoin market momentum will continue to increase in the fourth quarter of 2024. While we cannot predict future price movements, these data certainly provide some positive signals for the market.
**Interactive time**
Dear readers, what do you think of these new trends in the Bitcoin market? What impact do you think the continued entry of retail investors and outflows from exchanges will have on the price of Bitcoin? Welcome to share your views and insights in the comment area! đŹ
Overall, the Bitcoin market is likely to see new momentum in the fourth quarter of 2024. Whether you are a seasoned investor or a newbie, this is a moment worth paying attention to.Let us look forward to the future development of the Bitcoin market!
Thank you for reading, and donât forget to leave your valuable comments in the comment section!
