The Bitcoin (BTC) market is undergoing a period of correction and price decline, but behind the scenes, accumulation activity by long-term investors is reaching unprecedented levels.
Recent data from the Bitcoin network shared by a CryptoQuant analyst who calls himself “Darkhost” shows that a guilty verdict has been reached. Bitcoin holders are gaining momentum at an accelerating pacereached an all-time high.
“Addresses accumulating Bitcoin are reaching record levels,” the analyst noted. “With over 375,000 BTC accumulated in 30 days of exchange, these accumulation addresses just set a new all-time high for BTC purchases.”
The report details that the momentum is recent and significant. “Yesterday alone (regarding November 5th), over 50,000 BTC were added by this type of address,” Dirkforst points out.
This behavior In contrast to the slowdown in other market segments. “General demand is slowing, but not for these investors,” the analyst explains. “In less than two months, the monthly average more than doubled from 130,000 BTC to 262,000 BTC, indicating that this trend is accelerating,” he added.
The following graph shows the amount of Bitcoin held in storage addresses.
What are the characteristics of these accumulation directions?
To understand the relevance of this indicator, it is essential to define what cumulative direction is considered in the analysis. According to CryptoQuant, These are wallets that meet a set of strict criteria Designed to identify holders with a long-term vision and exclude short-term or high-turnover institutional investors.
A characteristic of these addresses is that they do not register any outflow of funds in the first place, which indicates that the owners do not sell the acquired BTC. Additionally, you must have made a certain number of recent purchases and have at least two confirmed Bitcoin entries.
Another requirement for these addresses is to keep the total amount of BTC in your balance to a minimum. Persons who have conducted transactions in the past 7 years. One that can guarantee that these are active wallets and have not been abandoned.
This analysis excludes addresses related to smart contracts, as well as known addresses of centralized exchanges (CEX) and miners, to avoid biases stemming from organized or automated operations.
Bitcoin price falls, but holders buy
When accumulators buy, the prices of digital assets are consolidated. Jaime Merino, Director of TradingLatino, steps away from bearish interpretations and provides context on the current market moment.
In a statement to CriptoNoticias, Merino emphasized: Digital assets “are in a zone of controlled opportunity, not panic.”
“Bitcoin cycles tend to see 20-30% corrections within broader bullish trends, and that’s what we’re seeing right now,” Merino explains. The expert believes that the technical structure “remains positive” as long as the price remains above $99,000.
Merino argues that BTC is at a strategic accumulation point and expects it to rebound towards $112,000-$125,000. Meanwhile, the overall trend remains bullish and subdued. Beyond, believes there may be fresh bullish room between USD 125,000 and USD 147,000.
In fact, the price of BTC has fallen from $112,000 to $103,000 in the past five days. The chart below shows a clear bearish trend with episodes of intermediate volatility. And then there was a consolidation phase around $103,000.
But beyond price, Merino identifies structural challenges related to organizational growth mentioned in Darkhost’s data. The analyst warns of the rapid “expansion of institutional control” and the resulting educational disparities.
“Institutional control will increase, not because Bitcoin no longer belongs to the people, but because education on how to use it progresses slower than corporate adoption,” Merino said.
To the Director of TradingLatino, The real challenge of our time is not price, but sovereignty over digital assets.
“The challenge in this day and age is to close that gap; for more people to learn to own Bitcoin before the market becomes fully structured by large institutions,” he said.
The data supports record accumulation driven by both private holders and likely ETF infrastructure. Meanwhile, Merino’s analysis concludes with a basic point about the Bitcoin ecosystem: “Those who control their keys control their Bitcoin.”
FED and US government
The decline in Bitcoin prices has also been influenced by the strength of the dollar in recent days and uncertainty over US fiscal policy. Since the country’s federal government has been shut down for 36 days.
surely, US currency has appreciated over the past 5 daysas shown below, the Dollar Index (DXY) increased from 99.4 points to the current 99.92 points.
However, a possible reopening of the federal government could have a positive impact on Bitcoin and digital assets in general, according to Brazilian analyst Andre Chalegre.
Political stability and lower fiscal pressures “could favor an environment of increased liquidity and risk appetite,” Challegre said. This is a fact that has historically benefited Bitcoin.
He did, however, warn: “We are now entering murky waters because this is the longest shutdown in history (…) We need to end this shutdown because the government and the commission need more data to reach an agreement on whether there will be a rate cut.”
In this context, the increase in long-term Bitcoin accumulation addresses It could be interpreted as an early sign of confidence in future recovery.
Therefore, the record of accumulation direction reveals that long-term investors remain confident in Bitcoin. This despite the recent volatility. Continuation of this trend Could form the basis of a sustained bull market Once the macroeconomic situation stabilizes.
