Analysis: Bitcoin "accumulator" addresses have added 75,000 Bitcoins this month.
AI Summary1 min read
TL;DR
Bitcoin 'accumulator' addresses added 75,000 BTC this month, with 40,000 in just two days, now holding 315,000 BTC. These investors keep buying despite market conditions, defined by no outflows and specific purchase criteria.
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BitcoinHalving TokensLayer 1accumulator addressesCryptoQuantDarkFrostmarket analysis
According to Mars Finance, on December 12th, CryptoQuant analyst DarkFrost stated that a group of Bitcoin "accumulator" addresses added over 75,000 Bitcoins between December 1st and December 10th. Of these, 40,000 Bitcoins were accumulated between December 9th and December 10th alone. These addresses currently hold approximately 315,000 Bitcoins, and this trend continues to rise. These investors continue to accumulate, seemingly unaffected by current market conditions or momentum. Furthermore, DarkFrost summarized the characteristics of "accumulator" addresses as follows: no outflows; minimum amount of Bitcoin purchased in the most recent transaction; at least two purchase events (fund inflows); the address must hold a minimum total Bitcoin balance; must have been active at least once in the past 7 years; known exchange and miner addresses have been excluded; no smart contracts.