A significant increase in the amount of Bitcoin flowing towards these accumulation addresses, as yesterday approximately 58,000 Bitcoins were deposited towards these addresses at a price higher than the 30-day moving average. This indicates that strong parties bought these quantities despite the high price, and this quantity entered long-term wallets, which means that there is an expectation of further rise in Bitcoin for these people. What distinguishes these addresses from others is that they deposit Bitcoin in the form of deposits that are usually affiliated with large investors (whales - investment funds - institutions) and do not belong to trading platforms, which indicates that these large investors have high confidence in Bitcoin.
Written by Arab Chain
