TechFlow News: On May 10, analyst Murphy posted on X (formerly Twitter) chain data indicating that retail addresses holding less than 1 BTC collectively accumulated 23,074 BTC over the past 30 days, executing three concentrated buying waves at the $66,000, $70,000, and $80,000 price levels. Meanwhile, “whales” holding more than 10,000 BTC began large-scale accumulation starting from $66,000; their 30-day net balance increase peaked at 140,699 BTC—the largest single-cycle net accumulation in nearly two years—signaling clear accumulation activity. The analysis suggests that the current cohort of remaining investors has experienced multiple bull and bear cycles, and with continued institutional capital inflows, the overall market is trending toward lower selling pressure and reduced upward resistance.
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