60K Bitcoin absorbed by accumulators as miners send BTC to exchanges: Will the rally stall?
Bitcoin accumulators absorbed 60,000 BTC, but miners sending their rewards to exchanges could lead to overhanging sell pressure.
Bitcoin’s (BTC) early-January rally is unfolding against a mixed on-chain data backdrop, where strong accumulation demand is colliding with renewed miner distribution.
Key takeaways:
Bitcoin accumulator addresses added roughly 60,000 BTC in six days, ending a multi-month consolidation phase.