Bitcoin accumulator addresses have increased by 101% to reach 262,000 over the past two months, according to data from CryptoQuant. This surge reflects significant buying activity, with large holders acquiring 375,000 BTC in the last 30 days, including a single-day purchase of 50,000 BTC on November 5. Accumulator addresses, characterized by at least one transaction in the past seven years and excluding exchange, mining, and smart contract wallets, demonstrate a long-term holding strategy. Despite recent outflows from ETFs, on-chain accumulation remains robust, indicating sustained interest in Bitcoin.
Bitcoin Accumulator Addresses Double to 262,000 Amid Strong On-Chain Activity
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