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    1. That’s probably because there are a lot of people who bought in at ATHs (because that’s when most people buy Bitcoin), and now don’t want to sell because Bitcoin has dropped a bit.

      This is not a good thing. These are the people at the bottom of the Bitcoin pyramid scheme who are going to be screwed when Bitcoin crashes back down.

    2. coinfeeds-bot on

      tldr; Bitcoin accumulator addresses, which only buy and never sell, have reached a record level, holding over 266,000 BTC as of September 5. This trend underscores growing confidence in Bitcoin as a long-term store of value. However, Galaxy Digital warns of a structural weakness in Bitcoin’s fee market, with declining transaction fees threatening miner incentives and network security. Renewed on-chain demand is crucial for sustainability. Bitcoin’s price trajectory is being closely watched for signs of a bullish reversal.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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