Bitcoin (BTC) Price Optimism Suggested by Retail Accumulation and Crypto Exchange Exits

Over the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant increase in accumulation, with approximately 88,000 BTC accumulated on a net basis. This period of strong accumulation, which has persisted through most of September, is notable because it is roughly seven times larger than the monthly bitcoin issuance of approximately 13,500 BTC. Such intense accumulation has not been seen since Q4 2023, when the price of bitcoin rose rapidly.