🚨 BITCOIN ON-CHAIN ALERT: 400,000 BTC Accumulated in 60 Days 🚨
Analyst Murphy breaks down why the latest $BTC moves are backed by real capital inflow 👇
1️⃣ The Raw Numbers:
New cycle buyers added ~400k BTC over 2 months (~200k/mo), taking total new-buyer holdings to 4.27M BTC (highest since Aug 2023). That’s ~2% of total supply moved into fresh hands!
2️⃣ Comparison to 2023:
From Jan–Aug 2023 (7 months), new buyers bought 340k BTC. With prices now 2.6x higher, the sheer fiat capital required for this current 2-month phase is massive.
3️⃣ Momentum Buyers Return:
In September, buyers started adding to positions above their cost basis for the first time since Jan 2023.
⚡ Why it matters: Momentum buyers don’t stick around during fakeouts or bear rallies. Their return indicates renewed conviction for the uptrend!
#BTC #Bitcoin #Crypto #OnChainData #Trading #BTCPrediction #CryptoCommunity #marketcap $BTC
Analyst Murphy breaks down why the latest $BTC moves are backed by real capital inflow 👇
1️⃣ The Raw Numbers:
New cycle buyers added ~400k BTC over 2 months (~200k/mo), taking total new-buyer holdings to 4.27M BTC (highest since Aug 2023). That’s ~2% of total supply moved into fresh hands!
2️⃣ Comparison to 2023:
From Jan–Aug 2023 (7 months), new buyers bought 340k BTC. With prices now 2.6x higher, the sheer fiat capital required for this current 2-month phase is massive.
3️⃣ Momentum Buyers Return:
In September, buyers started adding to positions above their cost basis for the first time since Jan 2023.
⚡ Why it matters: Momentum buyers don’t stick around during fakeouts or bear rallies. Their return indicates renewed conviction for the uptrend!
#BTC #Bitcoin #Crypto #OnChainData #Trading #BTCPrediction #CryptoCommunity #marketcap $BTC