Over the past 30 days alone, investors have scooped up more than 375,000 BTC, including 50,000 BTC in the last 24 hours.
In fact, the number of accumulation addresses, wallets that show steady inflows but no recent outflows, has surged to record levels.
These long-term holders tend to buy when sentiment is low and prices look weak, a signal that confidence in Bitcoin’s long-term trajectory remains intact.
Bitcoin accumulation addresses surge to new highs. Source: CryptoQuant
In less than two months, the monthly average has more than doubled, from 130,000 BTC to 262,000 BTC.
Historically, such levels have often preceded strong rebounds.
BTC’s MVRV Ratio: A Glimmer of Recovery
Supporting that optimism is Bitcoin’s MVRV ratio, a key on-chain metric comparing the coin’s market value to its realized value (essentially what investors paid for it).
It’s helpful in gauging when the exchange-traded price is below “fair value” and is also quite helpful in spotting market tops and bottoms.
The Bitcoin MVRV ratio touches 1.8. Source CryptoQuant.
On-chain signs indicate a market in transition, not collapse. Despite fear-driven selling and increasing volatility, realized losses have been moderate, indicating prudent repositioning rather than capitulation.
Looking Ahead
On-chain indicators suggest resilience, not capitulation.
With Washington expected to reopen after a record government shutdown, optimism is building that regulatory clarity and ETF approvals could inject new energy into crypto markets by year’s end.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
