Bitcoin: Are Affordability & Accumulation Going Hand In Hand?
The market has been devoid of momentum over the past few days. Owing to the same, asset prices across the board remain to be stagnant. With a 1.8% depreciation over the past day, the cumulative value of all the assets in the crypto market stood at $840 billion at press time. Bitcoin, the largest crypto by market cap, was trading at the brink of $17k after noting a 1.4% downward deviation in the same one-day period. The stagnated price has made Bitcoin more affordable to accumulators. As analyzed recently, the number of HODLers possessing 1+ BTC has been on the rise and claimed a new ATH. Now, a recent tweet from Santiment revealed another similar trend. Bitcoin’s number of addresses HODLing 10 to 1k coins have officially reached their highest level since 2020. Elaborating on the exact numbers, the on-chain analytics platform noted, “ There are now 151,080 addresses that hold between 10 to 1,000 BTC. After a massive decline that began in December, 2020, these addresses have in