Jukyung Chu: 400,000 BTC Moved to Permanent Holder Addresses in the Last 30 Days
CryptoNewsTerminal Staff06 Aug, 2024
Jukyung Chu: 400,000 BTC Moved to Permanent Holder Addresses in the Last 30 Days
CryptoQuant CEO Ki Young Ju suspects that substantial BTC accumulation is underway.
404,448 BTC have been moved to never-spend addresses in the last 30 days, potentially marking a bullish sign for the cryptocurrency.
“I’m sure something is going on in the background. 404,448 BTC has been moved to the permanent holders (on-chain addresses that have never spent any received BTC) addresses in the last 30 days,” Ju tweeted. “This is definitely accumulating BTC. We will see what happens within a year.”
