Bitcoin's cumulative demand has reached an all-time high
Long-term holders have increased their holdings by over 240,000 BTC in 30 days, which is 2-6 times that of the past. Continuous accumulation, and the liquid supply is slowly depleting.
The peak of the previous bull market was in the range of 40,000 to 100,000 BTC, while the current price is about $67,000. The demand is 138,400 BTC, with a 30-day average of 181,400 BTC.
Both peaks show a magnitude of crushing pressure.
This is an unprecedented explosive increase in holdings.
BTC
67,678.45
+1.43%