According to the analytics platform CryptoQuant, addresses classified as accumulators have increased their holdings by over 375,000 BTC in the past 30 days. On November 5th alone, over 50,000 BTC were deposited into their accounts—a historical high for this type of investor.
Experts note that the interest of this group of market participants continues to grow despite the overall slowdown in trading. Compared to previous months, their average monthly purchases have more than doubled—from 130,000 to 262,000 BTC. This indicates that large players continue to exploit current price fluctuations to increase their positions.
CryptoQuant specifies that "hodlr addresses" are wallets that meet a number of criteria. These include the absence of outgoing transactions, at least two purchases, holding a certain amount of bitcoin, and activity over the past seven years. Addresses of centralized exchanges, miners, and smart contracts are excluded from the analysis.
These parameters allow these wallets to be considered analogous to long-term investors, or so-called "hodlers." Most of them not only fail to take profits but also continue to increase their coin purchases, demonstrating confidence in Bitcoin's future.
Analysts believe the growing interest among these participants may be related to institutional factors. In particular, spot Bitcoin ETFs, whose trading volumes continue to increase, are generating increasing interest. This instrument, according to experts, could have been one of the catalysts for active accumulation.
Analysts emphasize that such trends often precede larger market movements. Increased activity among long-term holders often indicates preparation for future growth, as the supply of Bitcoin in circulation is declining.
Earlier, Jan3 founder Samson Mo noted that a true bullish cycle for Bitcoin has not yet begun. However, continued activity from large investors could be a sign of the approaching next wave of growth.
Thus, despite temporary corrections and a decline in overall interest, some market participants continue to use the current situation to strategically accumulate digital gold, anticipating a new round of the upward trend.