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Bitcoin accumulation is accelerating sharply among long-term holder cohorts identified by CryptoQuant. Recent data shows monthly accumulation averaging roughly 372,000 BTC.
The figure marks a steep increase compared with September 2024, when the metric stood near 10,000 BTC. The shift comes during a period of price weakness, suggesting that some market participants are using declines to expand exposure rather than reduce it.
Crypto analyst Darkfost shared the update on X, citing CryptoQuant’s latest on-chain metrics. He said demand from what CryptoQuant classifies as accumulator addresses continues to rise. According to the data, these entities now purchase an average of 372,000 BTC per month.
For context, the same metric measured about 10,000 BTC monthly in September 2024. The scale of change is substantial within a relatively short timeframe, prompting increased focus on how these long-term holders are behaving.
Darkfost said dramatic chart movements often warrant scrutiny, but added that there are limited reasons to doubt the dataset’s validity. He noted that the classification methodology is designed to reduce distortion and maintain analytical clarity.
CryptoQuant applies a structured framework to define accumulator addresses. The criteria require no recorded outflows from the wallet. In addition, the address must have completed at least two purchasing events or inflows.
Each address must also meet a minimum BTC balance threshold, and the latest transaction must involve a defined minimum BTC purchase amount. The address must have shown activity at least once in the past seven years.
Known exchange and miner addresses are excluded from the dataset. Smart contract activity is also filtered out to prevent misclassification. These filters are intended to isolate long-term holding behavior rather than operational or custodial activity.
CryptoQuant also notes a key limitation: the dataset depends on available labeling coverage, meaning it cannot perfectly classify every exchange or miner wallet.
While some investors react to short-term price swings, these accumulator addresses appear to be accumulating aggressively. The timing coincides with a recent Bitcoin price decline, and the observed pattern suggests sustained buying during periods of short-term market pressure.
Historically, extended accumulation phases have aligned with long-term positioning strategies. Current data indicates this cohort remains focused on gradual exposure growth rather than short-term trading activity.
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