Don’t think for a second Bitcoin is going anywhere – and don’t think for a second big money and power is sleeping on this while Bitcoin’s price is down

Bitcoin accumulation addresses near record 800K despite whale selling

“Bitcoin accumulation is nearing a new milestone this Christmas as the redistribution of the BTC supply continues.

Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs.

‘HODL-only’ BTC addresses climb closer to 1 million mark
Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no doubt about their BTC investment strategy.

According to Glassnode, Bitcoin accumulation addresses are more numerous than ever before, while the BTC balance they contain is almost at a record high.

‘Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds,’ the firm’s description explains.

Glassnode adds that exchange wallets and those belonging to miners are excluded from the tally alongside addresses last active more than seven years ago, as funds they contain could be lost — permanently cut off from circulation.”

https://cointelegraph.com/news/bitcoin-accumulation-addresses-near-record-800k-despite-whale-selling