What Bitcoin’s rising accumulation signifies for coming days

On-chain metrics and derivatives market stats were bullish on BTC.has been comfortably trading over the $30,000 mark. A major reason behind this uptrend was investors’ accumulation over the past few months.Despite BTC’s price decline, investors remained confident in the coin. Considering the upcoming BTC halving, are there chances of BTC’s price booming in the third quarter of this year?revealed that Bitcoin’s long-term holders had increased their accumulation.

This has culminated in a Long-Term Holder supply of 14.47M, just -20K BTC shy of the ATH value of 14.49M.

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