ICYMI: according to IntoTheBlock, Bitcoin's retail accumulation might likely be at its peak BTC $BTC
previously reported that the number of Bitcoin trader addresses holding less than 30 days, or short-term holders, has recently risen in tandem with Bitcoin's price, while this group has also increased its balance by nearly 5%. According to IntoTheblock, this might indicate that retail interest is gradually returning to the market.
The number of Bitcoin daily active users has also risen in tandem with the growth in short-term holders, surging above 1 million, as per recent IntoTheBlock data.Bitcoin hit lows of $38,590 on March 4 to record three days of consecutive declines since March 2. Bitcoin started its declines from highs of $45,332 on March 2, presumably due to fears that the Federal Reserve might tighten monetary conditions quickly in the face of rapidly growing inflation.
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