September 30, 2022

Bitcoin (BTC) Crosses $40,000 As Accumulation Addresses Hit All-Time High

2 min read

In a strong momentum northwards, Bitcoin(BTC )has gotten nearly 7%today moving previous$40,000 levels. At press time, BTC is trading at $ 40,330 with a market cap of over$750 billion. This price rally features some enhancements in on-chain metrics as long-term players continue to collect throughout the current market volatility.

Over the recently, the overall variety of BTC accumulation addresses has been striking brand-new highs every day. Currently, the BTC build-up addresses have clocked a brand-new all-time high of 545,115.

On Tuesday, May 25, on-chain data provider Santiment also reported about the increase in the Bitcoin whale addresses holding 1000+BTC. Almost 34 such whale addresses have been contributed to the network over the last week thus clocking the largest accumulation stretch in the last four months.