Bitcoin Bullish Signal: Inflows To HODLer Wallets Hit ATH There is a strong positive indicator for Bitcoin as the amount of money flowing into wallets held by long-term investors reaches an all-time high.
Recent data from on-chain sources reveals that Bitcoin inflows have reached their highest level ever, with a significant amount of funds moving towards accumulation wallets. This could be seen as a positive indicator for the asset, as it suggests a bullish trend. Bitcoin HODLer inflows have recently totaled 25,300 BTC. In a recent post on X, Ki Young Ju, the founder and CEO of CryptoQuant, a company specializing in on-chain analytics, revealed that there has been a record high in Bitcoin flowing into accumulation wallets. So, what are accumulation addresses? Ju states that wallets must meet five specific conditions in order to be classified as accumulation addresses. Additional reading: Bitcoin drops below $51,000, reasons for this decline. The initial requirement is that the address must not have any outgoing transactions. This indicates that an accumulation address has only received incoming transfers. Additionally, the address should have a balance of at least 10 BTC. At the present rate of exchange for cryptocurrencies, this minimum threshold equates to approximately $512,000. Another guideline is that the address should not be associated with centralized exchanges or miners. These two entities are considered special on the network for obvious reasons, so they are not included or limited to “normal” investors. Another condition is that the address must have received at least two incoming transfers in its existence, and the final condition is that the most recent transfer must have occurred within the past seven years. Wallets that have been inactive for more than seven years are typically lost forever due to missing keys, so they are not classified as “HODLers” like other accumulation addresses. The CryptoQuant founder shared a chart showing Bitcoin inflow data for these accumulation addresses in recent years. The metric has been consistently high in the past few days, according to @ki_young_ju on X. “Inflow” refers to the total amount of Bitcoin entering a wallet that meets the criteria of an accumulation address.