Bitcoin accumulation levels continue to grow in spite of low prices
Old coins now account for a whopping 74% of the realized market cap, which weighs each coin that is currently in circulation against the price at which that coin was transferred for the last time. This essentially means that coins that have remained unmoved for over six months now account for the lion’s share of the market cap.
Such a high accumulation level should be good news for Bitcoin bulls. As noted by Ju, the share of old coins peaked at 70% at the bottom of the previous bear market that was recorded in 2015. However, it peaked at as high as 77% in 2015.
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