Bitcoin Retail Investors Accelerate Accumulation Amidst US Jobs Surprise

Bitcoin's retail investors have significantly increased their accumulation pace, according to data from Glassnode. Since mid-December 2024, these investors, holding slightly less or more than one Bitcoin, have been stacking 10,627 BTC per day, valued at approximately $1.05 billion at the current exchange rate. This pace is around 72% faster than the average daily accumulation rate in 2024, which was 6,177 BTC per day, worth about $613 million in fiat.

The surge in Bitcoin accumulation by retail investors coincided with notable price increases in the cryptocurrency during the last month of 2024. The recent US jobs report also played a role in Bitcoin's price movement. The report showed that the number of jobs created in January was 143,000, lower than the expected 169,000. This lower-than-anticipated result traditionally leads investors to turn away from traditional safe-haven assets and seek refuge in Bitcoin. Following the report's release, Bitcoin surged by 3.60% to briefly reach the $100,000 mark. However, the price later dipped, and at the time of this writing, Bitcoin is trading at around $98,544 per coin.