Big Sacks Aggressively Accumulate Bitcoin

The chain data shows that big-pocket investors are beginning to aggressively accumulate bitcoins.
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Big-money movement chain data has begun to show that big-pocket investors are aggressively hoarding bitcoins.
Exit of over-the-counter offices

Looking at the seven-day moving average output of OTC operations, there was a decidedly strong correlation between output peaks in 2021 and local bitcoin levels. This can be explained by the fact that institutions and big money don’t like buying a high-interest asset because these players can even change the market if they don’t expect it.
So when the price drops significantly, these players rush to accumulate at a discount. This is exactly what we saw last week and the price has reacted with higher closures for eight days.
Currency balances disclaimer: If there is data on currency balances, it is possible that this is an internal transaction that is mislabeled and can then be changed.

Again, in the short term, it is possible that the data has an internal transmission that is mislabeled, but this is not the case.
If this is true, more than 60,000 BTC has been transferred from exchanges in the past 24 hours. A truly staggering amount means these large corporate buyers are in the water and actively accumulating.
The daily net output of the exchanges will be the largest since early 2020 and you’ll need to go back to May 2016 to see a bigger size.

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