🔹 Definition of Accumulation Addresses:
- No outgoing transactions.
- Balance exceeding 10 BTC.
- Excludes accounts belonging to CEX or miners.
- Received more than two incoming transactions.
- Last transaction occurred within the last 7 years.
🔹 Data Overview:
1. Inflows to Accumulation Addresses: This captures the amount of BTC flowing into accumulation addresses daily, along with the BTC price at the time.
2. Balance on Accumulation Addresses: This records the total balance of BTC in accumulation addresses daily, alongside the corresponding BTC price.
🔹 Key Observations:
Significant Inflows on May 15th: On May 15th, there was a notable spike in BTC inflows to accumulation addresses during a local market correction. This suggests that during price dips, accumulation addresses tend to receive higher inflows, indicating buying interest at lower prices.
Price Movement and Accumulation: As BTC prices dipped, the balance in these addresses increased, reinforcing the idea of accumulation during corrections.
🔹 Conclusion:
The analysis reveals significant inflows to accumulation addresses during the local BTC market correction on May 15th, indicating that investors might use market dips to accumulate BTC. Understanding these inflow patterns provides valuable insights into market behavior and investor sentiment during price corrections. By monitoring these trends, investors and analysts can better predict potential market movements and make more informed decisions.
Written by IT Tech
