Sharp Surge in BTC Accumulation: Chain Data Reveals Strong Buying Pressure

On-chain analytics platform CryptoQuant has documented a remarkable sharp increase in demand from what’s known as accumulation addresses—wallets that demonstrate zero outflows. At current pricing levels around $67,240 per BTC, this metric takes on added significance as these long-term holders continue to accumulate. The latest data presents a compelling picture: the current monthly accumulation reaches approximately 372,000 BTC, representing a dramatic acceleration compared to historical baselines.

37x Increase in Monthly Accumulation Since September

To put this surge in perspective, consider the comparison point from September 2024, just before BTC’s first major push toward the $100,000 milestone. During that period, average monthly accumulation hovered around just 10,000 BTC—meaning today’s pace is roughly 37 times higher. Critically, these figures exclude known exchange wallets and miner addresses, ensuring that the data reflects genuine demand from individual accumulators and institutional players rather than exchange-driven movements or mining operations offloading coins.

Structural Demand vs Volatility Risk

This pattern points to what analysts term structural demand—a fundamental shift in buying pressure underpinned by real holder conviction. In theory, such intense accumulation should provide strong price support from below, strengthening the floor during market corrections. However, the current price action tells a more complex story. There’s an interesting paradox: the lower the liquid supply circulating in markets, the sharper the price swings become during major news events or sentiment shifts. This dynamic cuts both ways—accumulation builds a foundation, yet reduced liquidity amplifies volatility. Think of it as a double-edged sword where reduced trading volumes can trigger outsized moves in either direction.

What Rising Accumulation Signals for BTC

Despite the volatility concerns, the sheer pace and scale of accumulation cannot be dismissed as trivial. The fact that major holders are aggressively building positions at this rate sends an undeniable positive signal about underlying market sentiment and long-term confidence. Whether this translates to sustained price appreciation or merely provides a sturdy foundation for future rallies remains to be seen, but the behavior is decidedly bullish for those monitoring structural on-chain health.