Long-term BTC holders keep accumulating as market enters stabilization phase

Long-term BTC holders keep accumulating as market enters stabilization phase Bitfinex said long-term Bitcoin holders continued to accumulate BTC even as the price fell from $82,000 to under $58,000. It added that the scale of accumulation declined to around 14,000 BTC by late July from about 40,000 BTC in late May, while both buying and selling activity were slowing. The market now appears to be entering a stabilization phase rather than a full recovery, according to the analysis.