TechFlow reports, on September 1, according to the latest report from on-chain data analytics platform Spot On Chain, despite September typically being viewed as a weak month for Bitcoin, this year could break that trend. Data shows that long-term Bitcoin holders accumulated 262,000 BTC in August, bringing their total holdings to 14.82 million BTC, accounting for 75% of the total supply. Meanwhile, among the top 10 anonymous Bitcoin wallets, seven have shown no activity for over two years, collectively holding 237,816 BTC worth approximately $14.04 billion, representing 1.2% of the circulating supply. Additionally, major selling pressures from entities such as the German government and Mt. Gox were largely relieved in July and August, with a combined sale of 170,917 BTC. Analysts believe these factors, coupled with potential demand from Bitcoin ETFs, could bring positive momentum to the Bitcoin market in September.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
