According to the latest data from CryptoQuant, market participants continue to actively buy Bitcoin.
CryptoQuant team shared some data on Bitcoin accumulation and sale. The data shows that the trend of net accumulation continues in Bitcoin in general. But on the other hand, some whales move in the opposite direction, selling some of their BTC.
Miners Keep Accumulating
According to the article by CryptoQuant analyst Venturefounder, miners currently have more Bitcoin than when BTC was trading at an all-time high of $69,000.
3. 700 BTC Withdrawn
The data also reveals that 3,700 BTC were withdrawn from crypto-asset trading platforms. CryptoQuant analysts point out that the level in question is similar to the accumulation rate in September.
On the other hand, it seems that whales are selling some of their BTC. Exchange Whale Ratio data has reached a one-year high of 0.65.
Analysts added that investors should be cautious before Bitcoin settles above the $51,000 level. After $51,000, it was reminded that $56,800 was an important resistance level.