Bitcoin “permanent holder addresses” have accumulated nearly $23 billion of the asset over the past month, according to on-chain data. In a post on X on Aug. 7, CryptoQuant founder and CEO Ki Young Ju exclaimed “I’m pretty sure something is happening behind the scenes.” The comment came in reference to a recent spike in 30-day demand change for permanent Bitcoin (BTC) holders. Around $22.8 billion worth, or 404,448 BTC, have moved to permanent holder addresses over the past 30 days, “and it’s clearly accumulation,” said Ki. He predicted that within a year, some entities such as TradFi institut…