@BitcoinBaby 5 August 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 Can you feel it ...Can you feel it? We are building up to a bull run. Very slowly and it probably will take at least 6 more months for it to show but we are. The bull run of 2018 was preceded by the addition of 200,000 new accumulation addresses. Its peaks in 2014, 2013, and 2011 also correlated with a significant spike in the number of accumulation addresses. According to Glassnode’s data, accumulation addresses have grown by 18% since Jan. 1, 2022, reaching an all-time high of 700,000 addresses. The addition of 170,000 new accumulation addresses is typically a bullish indicator, as it shows an increasing amount of Bitcoin’s supply being taken out of the network. A drastically reduced supply of Bitcoins on exchanges then triggers an increase in buying pressure, pushing the price up. #crypto