A recent tweet from prominent on-chain data agency Glassnode revealed that retail investors have significantly increased their Bitcoin accumulation rate since mid-December last year. This surge coincided with notable price hikes in the cryptocurrency, particularly during the last month of 2024.
According to Glassnode, retail investors are stacking approximately 10,627 Bitcoins per day, valued at $1,055,958,762. This represents a 72% increase from their average daily accumulation pace last year, which was around 6,177 BTC daily, worth $613,781,620 in fiat.
The Bitcoin price reacted to the recent US jobs report, regaining the $100,000 mark after surging by 3.60%. However, a red candle followed on an hourly chart, causing the price to drop to $98,544 per coin at the time of writing. The lower-than-expected non-farm payrolls figure of 143,000 jobs may have led investors to favor Bitcoin over traditional safe-haven assets, but the current market trend is highly volatile.
Source: https://u.today/retail-investors-have-been-stacking-10627-btc-per-day-glassnode