Bitcoin purchases soar to all-time high

There have never been so many addresses accumulating bitcoin without selling as there are currently, which indicates a bullish signal for the market.

The price of bitcoin remains in consolidation after marking an ATH this week.

Profit-taking counteracts demand pressure.

The demand for bitcoin ($BTC ) from investors who do not sell their holdings in this digital currency has skyrocketed to unprecedented levels, according to data from the on-chain explorer CryptoQuant.

This is shown by the market metric called demand from accumulator addresses, which this week exceeded 260,000. Such a zone, last touched at the end of last year, was until then its all-time high.