Large investors increased Bitcoin holdings by 129,000 BTC

Mike Smith 8 days ago

In recent weeks, owners of large cryptocurrency assets have been actively building up their positions in Bitcoin, despite market volatility. According to the latest data, investors with balances over 10,000 BTC have noticeably increased their purchases, indicating a long-term accumulation strategy. The Accumulation Trend Score, which reflects the level of accumulation, has exceeded 0.5, indicating confident action by large players. At the same time, small holders continue to sell, demonstrating a divergence in asset management approaches.  

The current Bitcoin Accumulation Trend Score stands at 0.23, the highest level since the beginning of the year. This trend may signal a shift in market phase from distribution to accumulation, which often precedes a new round of BTC value growth. Institutional investors and holders of significant reserves continue to increase their assets, which forms a favourable foundation for medium-term dynamics.  

Over the past 30 days, the volume of purchases by large wallets totalled 129,000 BTC, with the pace of accumulation increasing sharply over the past two days. The last time such a significant increase in positions was seen in August last year, emphasising the growing confidence of large investors in Bitcoin's prospects.  

The average volume of BTC per large wallet owner has also shown a steady positive trend since the beginning of March. However, the current values remain below December levels, which may suggest that there is potential for further increases in positions if the current trend continues.  

The activity of large cryptocurrency holders traditionally influences the overall market dynamics. Historically, periods of increased accumulation have been accompanied by an increase in the value of Bitcoin, which makes the current behaviour of institutional investors an important indicator of possible future price movements.