The number of bitcoin addresses in accumulation has risen to a record high as investors with long-term horizons take advantage of the recent price drop to boost their coin stashes. The count of accumulation addresses climbed to a record for the seventh consecutive day on Monday, taking the total to 545,115, according to Glassnode data. The number has increased by 16,445 since May 8 – a sign of persistent bargain hunting by long-term holders during bitcoin’s slide from $58,000 to $30,000.
The balance held in accumulation addresses has jumped by 30,000 during the same time frame, hitting a two-month high of 2.79 million BTC. Glassnode defines accumulation addresses as ones that have at least two incoming non-dust (tiny amounts of bitcoin) transfers and have never spent funds. Essentially, these are long-term holder addresses.
Over-the-counter (OTC) desks have also seen substantial outflows over the past two weeks, signifying dip-demand from institutional investors.
On Monday, OTC desks tracked by Glassnode registered an outflow of 11,883, the most since early September.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 74.4% | 54 | $68 162.88 | 1.29% | 2.42% | $1 344 973 357 845 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 76.8% | 47 | $3 274.54 | 0.99% | -6.14% | $393 691 858 423 | ||
3 | ![]() |
Tether predictions | 95.6% | 1 | $1.000152 | 0.03% | -0.03% | $114 346 541 734 | ||
4 | ![]() |
Solana predictions | 64.4% | 70 | $185.46 | 3.95% | 9.94% | $86 186 508 174 | ||
5 | ![]() |
Binance Coin predictions | 77.6% | 42 | $587.73 | 2.03% | -0.70% | $85 766 608 554 | ||
6 | ![]() |
USD Coin predictions | 90.8% | 1 | $1.000037 | 0% | 0.02% | $34 143 589 887 | ||
7 | ![]() |
XRP predictions | 62.4% | 86 | $0.600180 | 0.16% | 1.41% | $33 586 578 872 | ||
8 | ![]() |
Dogecoin predictions | 72% | 55 | $0.135374 | 4.80% | 6.83% | $19 667 998 553 | ||
9 | ![]() |
Toncoin predictions | 83.6% | 31 | $6.73 | 0.11% | -8.06% | $16 947 147 195 | ||
10 | ![]() |
Cardano predictions | 72.4% | 49 | $0.417243 | 1.33% | -4.43% | $14 980 752 444 | ||
11 | ![]() |
TRON predictions | 86.4% | 18 | $0.137318 | 0.34% | 2.05% | $11 955 029 826 | ||
12 | ![]() |
Avalanche predictions | 77.6% | 38 | $28.63 | 2.71% | 1.70% | $11 305 031 034 | ||
13 | ![]() |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
14 | ![]() |
Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
15 | ![]() |
SHIBA INU predictions | 84.4% | 30 | $0.000017 | 2.42% | -3.03% | $10 139 614 509 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.