Bitcoin long-term holders are accumulating 800,000 BTC per month, marking the highest accumulation rate in history, according to data from CryptoQuant. This significant increase in holdings suggests strong confidence in Bitcoin's future value among long-term investors.
The surge in accumulation comes amid a broader market trend where investors are increasingly holding onto their Bitcoin, potentially reducing available supply and impacting market dynamics. This behavior is often seen as a bullish indicator, reflecting positive sentiment and expectations for future price appreciation.