Bitcoin reached its highest point since March 15 as it recovered the $70,000 level.
The last time Coinbase’s Bitcoin holdings were this low was in 2015.
Bitcoin (BTC) accumulation is showing resurgence and has caused the supply of Bitcoin on crypto exchange Coinbase to hit a nine-year low and recapture the $70,000 threshold. On March 25, Bitcoin reached its highest point since March 15 as it recovered the $70,000 level, according to statistics from CoinMarketCap.
In terms of supply, investors have begun buying Bitcoin from exchanges, as Coinbase’s reserves hit a nine-year low of 344,856 BTC on March 18.
Investors Holding BTC
According to data source Glassnode, the last time Coinbase’s Bitcoin holdings were this low was in 2015. A record high of over 3.2 million BTC has been reached in accumulation addresses, as revealed by Glassnode’s data. Here, an accumulation address is one that has more than 10 BTC but does not have any connections to centralized exchanges, min
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