CryptoQuant: The BTC accumulation of "accumulation addresses" has reached an all-time high

According to on-chain data, the accumulation of Bitcoin holding addresses has reached an all-time high. In the past 30 days, these addresses have accumulated over 375,000 BTC.

In less than two months, the average monthly accumulation has doubled, increasing from 130,000 BTC to 262,000 BTC, indicating that this trend is accelerating.

"Holding addresses" are defined as wallets that meet the following criteria: no outflows, a recent transaction purchasing a certain amount of BTC, at least 2 purchase records, holding a minimum total amount of BTC, having transaction activity in the past 7 years, excluding known centralized exchange and miner addresses, and non-smart contract addresses.

Therefore, such addresses can be associated with the behavioral characteristics of long-term holders. Some investors steadfastly continue to fill their wallets, and the growth of ETFs is likely accelerating this trend.