Bitcoin Accumulation Hits Seven-Year High, Flashing 2015 and 2019 Bottom Signal: Quant Analyst

Bitcoin (BTC) is flashing a metric reminiscent of previous bear-market bottoms, according to Ki Young Ju, the chief executive of on-chain insights firm CryptoQuant. Ju notes on Twitter that BTC’s accumulation level has reached a seven-year high. “Over 6-month-old Bitcoins now take 74% of the realized cap.