{"id":16266,"date":"2024-08-21T10:26:43","date_gmt":"2024-08-21T07:26:43","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-whales-slow-accumulation-amid-market-uncertainty\/"},"modified":"2024-08-21T10:26:43","modified_gmt":"2024-08-21T07:26:43","slug":"bitcoin-whales-slow-accumulation-amid-market-uncertainty","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-whales-slow-accumulation-amid-market-uncertainty\/","title":{"rendered":"Bitcoin Whales Slow Accumulation Amid Market Uncertainty"},"content":{"rendered":"<p>Large bitcoin investors have reduced their monthly accumulation rate to 1%, down from the typical 3% seen in bullish markets, according to CryptoQuant, as reported by <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-whales-add-just-1-btc-holdings-per-month\">Cointelegraph<\/a>.<\/p>\n<p>In February 2019, this figure reached 6%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1162.webp\" alt=\"1-1162\" class=\"wp-image-239360\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<p>Analysts indicate that most demand metrics currently show weakness, insufficient to reach a new all-time high.<\/p>\n<p>Experts have deemed the alternative of spot bitcoin ETFs as &#8220;unreliable.&#8221; The daily net inflow into these instruments is only a fraction of March&#8217;s values. Over the past week, the daily figure has dropped to 1300 BTC.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-864.webp\" alt=\"2-864\" class=\"wp-image-239361\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;A recovery in BTC-ETF inflows is necessary to boost overall demand for bitcoin, potentially leading to a rally,&#8221;<\/em> experts noted.<\/p>\n<\/blockquote>\n<p>According to analysts, hodlers continue to accumulate coins.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The total balance of these holders is growing at a record pace \u2014 391,000 BTC per month. Demand from long-term investors is increasing even faster than in the first quarter, when the price exceeded $70,000,&#8221;<\/em> the report states.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-488.webp\" alt=\"3-488\" class=\"wp-image-239362\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<p>Another market participant category \u2014 short-term investors \u2014 has faced unrealized losses. According to BGeometrics, their average purchase cost is $63,000, higher than the current $59,650.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-313.webp\" alt=\"4-313\" class=\"wp-image-239363\"\/><figcaption class=\"wp-element-caption\">Data: BGeometrics.<\/figcaption><\/figure>\n<p>Analysis of bitcoin options indicated trader optimism following the US elections, according to Wintermute.<\/p>\n<p>Previously, Bitwise&#8217;s Chief Investment Officer Matt Hougan concluded that the industry&#8217;s fate is indifferent to politicians&#8217; attitudes. A similar opinion was expressed by former BitMEX CEO Arthur Hayes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Large bitcoin investors have reduced their monthly accumulation rate to 1%, down from the typical 3% seen in bullish markets, according to CryptoQuant, as reported by Cointelegraph. In February 2019, this figure reached 6%. Data: CryptoQuant. Analysts indicate that most demand metrics currently show weakness, insufficient to reach a new all-time high. Experts have deemed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16265,"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":[1205,569,1156,1268],"class_list":["post-16266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptoquant","tag-etf","tag-institutional-investors-and-whales","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16266","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=16266"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16265"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}