NewsSOS
On-chain data tracked by Moomoo showed a potential bottom signal for Bitcoin in June, with holders collectively absorbing 125,000 BTC during the period.
The accumulation pattern, flagged as a market indicator, suggests that a segment of participants has been acquiring coins rather than distributing them.
What the On-Chain Data Shows The 125,000 BTC figure represents the net quantity absorbed by holders over the course of June, according to Moomoo's markets coverage.
Accumulation at this scale by holders — typically longer-term participants who move coins off exchanges and into cold storage — is a metric analysts watch when assessing whether selling pressure may be easing.
Keep reading