Data: Bitcoin accumulation addresses had significantly bought BTC before the price rebound

ChainCatcher news, according to CryptoQuant data, Bitcoin accumulation addresses saw a significant inflow of funds on the 15th of this month, with a total of 17,800 BTC flowing in. At that time, the cryptocurrency price was around $61,600, making their purchase cost nearly $1.1 billion.

It is reported that "accumulation addresses" refer to addresses on the network with zero sell history. The address must have at least two inflow transactions, with the last one occurring within the past seven years.