{"id":15910,"date":"2024-08-07T17:12:30","date_gmt":"2024-08-07T14:12:30","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-holders-increase-accumulations-by-404448-btc-in-30-days\/"},"modified":"2024-08-07T17:12:30","modified_gmt":"2024-08-07T14:12:30","slug":"bitcoin-holders-increase-accumulations-by-404448-btc-in-30-days","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-holders-increase-accumulations-by-404448-btc-in-30-days\/","title":{"rendered":"Bitcoin Holders Increase Accumulations by 404,448 BTC in 30 Days"},"content":{"rendered":"<p>The balance of long-term investors&#8217; wallets for the leading cryptocurrency has grown by 404,448 BTC ($23 billion) over the past 30 days, according to data from CryptoQuant CEO Ki Young Ju.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;m pretty sure something is happening behind the scenes.<\/p>\n<p>404,448 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> have moved to permanent holder addresses over the past 30 days, and it&#8217;s clearly accumulation.<\/p>\n<p>We&#8217;ll know within a year. <a href=\"https:\/\/t.co\/Ip0jow2pGN\">https:\/\/t.co\/Ip0jow2pGN<\/a> <a href=\"https:\/\/t.co\/OOxuWcyxJu\">pic.twitter.com\/OOxuWcyxJu<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1820926833325457760?ref_src=twsrc%5Etfw\">August 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;I&#8217;m almost certain\u2014something is happening behind the scenes. It&#8217;s clear accumulation,&#8221;<\/em> the expert emphasized.<\/p>\n<\/blockquote>\n<p>The expert predicted that in Q3, some organizations, large companies, and governments of several countries will announce investments in digital gold.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">So here&#8217;s what&#8217;s going to happen:<\/p>\n<p>Within a year, some entities\u2014whether they&#8217;re TradFi institutions, companies, governments, or others\u2014will announce that they&#8217;ve acquired <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> in Q3 2024.<\/p>\n<p>And retail investors will regret not buying it because they were worried about the\u2026<\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1820934983113961671?ref_src=twsrc%5Etfw\">August 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Retail investors will regret not buying Bitcoin. Because they were worried about <\/em><em>sales of coins by German authorities<\/em><em>,<\/em><em> Mt.Gox compensations<\/em><em>, and the current <\/em><em>macroeconomic nonsense<\/em><em>,&#8221; the expert stated.<\/em><\/p>\n<\/blockquote>\n<p>Based on these observations, the CEO of CryptoQuant concluded that the bull market remains intact.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Based on this data, I believe the bull market is still intact. If the market doesn\u2019t recover in two weeks, I\u2019ll reconsider. I follow smart money, so if I&#8217;m wrong, it means the new whales are either misguided or underestimated the macro environment.<\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1820884117409718629?ref_src=twsrc%5Etfw\">August 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If the market doesn\u2019t recover in two weeks, I\u2019ll reconsider my opinion. I follow &#8216;smart money,&#8217; so if I&#8217;m wrong, it means the new whales are either misguided or underestimated the macroeconomic situation,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>Separately, the specialist noted signs of the end of miner capitulation and the return of the hashrate to levels close to <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> On-chain Data Summary:<\/p>\n<p>Bullish<\/p>\n<p>\u2022 Hashrate Recovery: Miner capitulation is nearly over, with hashrate nearing ATH. U.S. mining costs are ~$43K per BTC, so hashrate likely stable unless prices dip below this.<\/p>\n<p>\u2022 Whale Accumulation: Significant BTC inflows into custody\u2026<\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1820882769913983106?ref_src=twsrc%5Etfw\">August 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, ForkLog gathered opinions from experts and market participants regarding the future price prospects of Bitcoin.<\/p>\n<p>Previously, CryptoQuant analysts stated that the price of the leading cryptocurrency had regained key support at $56,000, but uncertain trading indicates risks of a renewed downward trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The balance of long-term investors&#8217; wallets for the leading cryptocurrency has grown by 404,448 BTC ($23 billion) over the past 30 days, according to data from CryptoQuant CEO Ki Young Ju. I&#8217;m pretty sure something is happening behind the scenes. 404,448 #Bitcoin have moved to permanent holder addresses over the past 30 days, and it&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1205,1156,1268],"class_list":["post-15910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptoquant","tag-institutional-investors-and-whales","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15910"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15909"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}