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A Bitcoin on-chain metric has moved toward what analysts describe as a "low-risk" zone after holders collectively absorbed 125,000 $BTC during June, according to analysis published by TradingView.
The accumulation data points to a demand-side shift in the market's supply balance, though whether that shift sustains is a separate question from whether it already has.
What the On-Chain Data Shows The headline figure is the absorption of 125,000 $BTC by holders across June — a meaningful drawdown of available supply.
On-chain metrics that gauge holder behavior tend to separate the market into two rough camps: coins moving toward exchanges (potential sell pressure) and coins moving into wallets where they sit (accumulation).
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