- Bitcoin ($BTC) holders have gathered nearly 3M $BTC, indicating bullish sentiment and possible price increases.
- 70% of Ethereum ($ETH) holders are in profit, with continued accumulation suggesting strong support and long-term confidence.
- Solana ($SOL) has surpassed the $160 resistance, with potential for a price surge up to $370.
- Trends for Bitcoin, Ethereum, and Solana show strong market sentiment and potential future rallies.
Bitcoin Accumulation Accelerates
More than 2.9M $BTC has been accumulated by long-term holders, fueling bullish market sentiments.
- 100K $BTC in 2018
- 700K $BTC in 2021
- 1.5M $BTC on January 1, 2024
- 2.9M $BTC today
Analysts suggest these addresses reflect HODL-focused investors. Increased confidence in Bitcoin often correlates with future price rallies.
Ethereum’s Profitability
Over 70% of Ethereum holders are profitable, with significant accumulation suggesting strong market confidence, despite mixed short-term signals.
Solana’s Potential Breakout
Solana has broken the $160 resistance, indicating possible price movement towards a target of $370.
Summary
Accumulation trends for Bitcoin and Ethereum, along with Solana’s momentum, indicate a return of positive market sentiment.
References
- Bitcoin Accumulation Hits 2.9M BTC (Bitcoinist)
- Bitcoin Accumulation Addresses Surpass 2.9M (CryptoQuant)
- Ethereum Accumulation Rises; 70% Holders in Profit (News BTC)
- Solana Could Go Parabolic (News BTC)
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