Structural Changes in the Bitcoin Market: Focus on Sustained Accumulation Demand and Veteran Whale Movements

On August 4th, a registered analyst at the cryptocurrency on-chain analysis platform CryptoQuant, Mr. Darkfrost, released an analysis of Bitcoin (BTC) demand. Despite recent price declines, demand indicators clearly maintain a positive trend. BTC has fallen by 2.3% over the past week, and since its all-time high on July 14th, it has declined by 6.2%. Related: Bitcoin's continuous rise may be stalling, shifting from short-term overheating to a cooling-off period, according to expert analysis. Indicators of apparent demand have revealed that about 160,000 BTC have been accumulated over the past 30 days. This is in comparison to the new BTC issuance and the supply of coins that have been inactive for over a year...