Recent on-chain data shows a significant increase in Bitcoin flowing into certain wallets, suggesting renewed accumulation. Despite experiencing months of bearish pressure and major sell-offs , some investors appear to be using the ongoing market downturn as an opportunity to strengthen their positions. With the recent accumulation ramp-up, the question remains whether now may be the time to get back into the market . Bitcoin Accumulation Rise Amidst Price Downturn The Bitcoin price has been grinding lower in recent trading sessions, slipping below $64,000 . The world’s largest cryptocurrency has failed to hold multiple support levels, with each leg down further suppressing any meaningful upside momentum . Related Reading: Expert Trader Who Correctly Predicted Bitcoin Top Just Shared A Chart Pointing Below $4,000 Yet beneath the surface of this declining price and market sell-offs, certain holders are quietly accumulating BTC. On-chain data from Glassnode reveals ...
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