– Bitcoin on-chain data reveals that the $30,000 price level holds great importance for BTC accumulation.
– This point of interest is supported by the significant increase in the number of addresses holding at least 0.1 BTC when the price drops to $30,000.
– The data suggests that investors see this price level as an opportunity to accumulate Bitcoin at a discounted price.
In conclusion, the on-chain data of Bitcoin confirms that $30,000 is a significant point of interest for BTC accumulation. Investors are taking advantage of the price drop to accumulate more Bitcoin, as indicated by the increase in the number of addresses holding at least 0.1 BTC. This highlights the importance of monitoring on-chain data to gain insights into market trends and investor behavior.