BTC Accumulation: 450,000 Addresses Buy Over $2B Worth of Bitcoin at $70K Price

IconCryptoNewsTerminal Staff22 May, 2024

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BTC Accumulation: 450,000 Addresses Buy Over $2B Worth of Bitcoin at $70K Price

Ali Martinez, a popular cryptocurrency analyst and trader, recently analyzed data from IntoTheBlock and identified a significant buying spree in Bitcoin (BTC) around the $70,000 price range. According to Martinez, approximately 450,000 unique addresses acquired close to 273,000 BTC within a tight price range of $70,180 to $70,600. This substantial accumulation suggests that this price range could offer robust support for Bitcoin in the future.