Rising Accumulator Demand Signals Bitcoin’s Next Bullish Move
Bitcoin is having a hard time getting over $112,000, but the number of accumulator addresses is going up
Quick overview
- Bitcoin is struggling to surpass $112,000, but the number of accumulator addresses is increasing, indicating long-term holders are buying more.
- BTC accumulator addresses have reached an all-time high, holding over 266,000 BTC, reflecting growing confidence among long-term investors.
- Despite market turbulence, many investors continue to accumulate Bitcoin, fostering optimism for a potential rebound.
- Institutional interest in Bitcoin is rising as more companies adopt it for their corporate treasuries, which may reduce supply and drive prices up.
Bitcoin is having a hard time getting over $112,000, but the number of accumulator addresses is going up, which shows that long-term holders want to buy more. Funding rates are still positive at 0.0091%, and traders in both the spot and futures markets are feeling bullish, which means that they are getting ready for the next upward rise.
Bitcoin (BTC) is back in the news, but not because of its price. Instead, it’s because long-term holders are becoming more confident. CryptoQuant has new information that shows BTC accumulator addresses have hit an all-time high, holding more over 266,000 BTC. This rise shows that investors who believe in the digital asset’s long-term potential are quite confident in it.
These addresses, which are typically connected to whales, institutions, or smart long-term investors, are meant to collect BTC and don’t sell it very often. Even when the market goes through periods of turbulence and consolidation, their persistent accumulation shows that they are hopeful.
Some investors, on the other hand, still have faith in the market despite these problems. These holders haven’t sold their BTC; instead, they’ve kept buying it, which makes people more hopeful that the asset will rebound soon.
A new analysis from the pseudonymous CryptoQuant analyst Darkfost says that demand from BTC accumulator addresses is “skyrocketing.”
These wallet addresses have done at least two transactions with a minimum quantity of BTC, but they have never sold anything. They currently have the most holdings they’ve ever had.
The fact that more and more companies are adopting corporate treasury is another reason why this record is growing. More and more businesses are putting Bitcoin on their balance sheets, just like MicroStrategy did when it first came out. These corporate submissions aren’t just for show; they show that companies are making long-term bets on Bitcoin’s ability to hold value in a global economy that is prone to inflation.
This institutional interest creates a cycle that keeps going: as more BTC is taken out of circulation and stored in cold storage, the supply on exchanges gets smaller, which might push prices up over time.
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