Bitcoin Assess Accumulation Gap With Focus Shifting Towards the Upper Mid-Tier Holders
Bitcoin’s mid tier wallets’ shifting holder distributions and accumulation patterns changes while BTC remains above $113,000.
At the moment, Bitcoin is showcasing mid sized holders shift dynamic patterns when it comes to accumulation. These newly mid sized wallets, which hold between 10 and 1,000 BTC, have significantly increased their accumulation patterns. These changes to mid sized holders’ wallets directly correlate with BTC’s price remaining above $113,000. This suggests sophisticated and educated market participants are the ones engaging with BTC while the price is above $113,000, which indicates growing market confidence. The market seems to be in a matured phase where the price is being methodically set by experienced holders.
This behavior to accumulate bitcoin from mid tier holders indicates long term conviction accumulation which in return would build price support. The strategy behavior from mid tier holders in the market often acts as market leaders. Mid tiers holders have the tendency to time their trades more efficiently than retail traders and large institutional traders.
This mid May 2021 market seemed bullish to most market participants. The Bitcoin holder distribution shift and improving fundamentals, which are better than the rest in the market.
