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Bitcoin Accumulator Demand Hits $30B as Exchange Supply Falls to 2025 Low
The cryptocurrency market has witnessed a striking surge in demand from accumulator wallets, with the accumulated amount reaching an astonishing 248,000 BTC. This staggering figure translates to a whopping $30 billion at current prices, underscoring long-term conviction among key market participants.
As Bitcoin’s price rallied past $115,000, CryptoQuant data reveals a corresponding rise in accumulation activity by addresses that have never sold their holdings before. The 30-day average of BTC acquired by these wallets stands at an impressive 164,000 BTC. While this development aligns with Bitcoin’s climb to new all-time highs, the demand increase remains steeper than average, indicating a wave of strategic accumulation.
It is essential to note that these accumulator addresses have no prior selling history, which underscores long-term conviction among key market participants. The accumulated amount equals approximately $30 billion at current prices and reflects the confidence in Bitcoin’s long-term value. The sharp rise in demand highlights that long-term players are preparing for further price movement.
In a separate development, data from CryptoQuant has revealed a drastic decline in exchange-held supply to an unprecedented low of 2.4 million BTC. This stark fall represents a significant drop compared to the first quarter’s reserve levels above 2.7 million BTC.
Furthermore, this trend reversal signals reduced selling intent as users increasingly move Bitcoin off exchanges and into cold wallets or long-term custody. The drop in available supply limits immediate sell pressure and supports upward price momentum.
Source: coinchapter.com
