Short-term and long-term Bitcoin holders are showing minimal selling pressure, with low inflows to Binance indicating firm demand for Bitcoin.
Despite a recent dip in price, Bitcoin is still holding above $105,000 and has shown resilience with a 11.17% gain over the past 30 days.
Wallets holding between 100 and 1,000 BTC are aggressively accumulating, with 337 new wallets accumulating over 122,330 BTC in the last six weeks.
Bitcoin Accumulation Trend Score reaching its highest value and steady accumulation by large investors suggest continued optimism in the Bitcoin market.