Are we seeing real retail adoption, or just smart money moving quietly? đ€
I was looking at this BTC on-chain flow analysis, and it tells a fascinating story about market structure right now.
On the surface, the "Funded Address Base" has grown by 2.58 million wallets in the last year. That sounds like a bull market.
However, digging into the recent transactions reveals a different reality:
đč A single $14.2M transaction moved onto THORChain.
đč It was converted into 179.8 $BTC .
đč It was distributed into 11 linked wallets(a cluster), which collectively hold over $45M in BTC.
I was looking at this BTC on-chain flow analysis, and it tells a fascinating story about market structure right now.
On the surface, the "Funded Address Base" has grown by 2.58 million wallets in the last year. That sounds like a bull market.
However, digging into the recent transactions reveals a different reality:
đč A single $14.2M transaction moved onto THORChain.
đč It was converted into 179.8 $BTC .
đč It was distributed into 11 linked wallets(a cluster), which collectively hold over $45M in BTC.
