He claims Bitcoin’s base of capital has been increasing with a price action and supply distribution uncommon of local tops.
In addition, BTC’s Realized Cap HODL Waves, which measures the supply’s age distribution or the amount of time a percentage of the supply has been traded, just barely reached its first peak for this bull-run.
Data from CryptoQuant supports the above, with 11,000 BTC being moved out of Coinbase Pro service and 7,200 across all exchanges, according to Glassnode.
Around 86 addresses hold 10,000 BTC with 120,000 BTC accumulated just in April.
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