Bitcoin Accumulation Surges as Long-Term Holders Average 372,000 BTC Monthly

TLDR:

• CryptoQuant reports 372,000 BTC in average monthly Bitcoin accumulation.

• September 2024 accumulation averaged just 10,000 BTC monthly.

• Accumulator addresses meet strict no-outflow and balance criteria.

• Buying activity increased during recent Bitcoin price weakness.

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Bitcoin accumulation is accelerating sharply among long-term holder cohorts identified by CryptoQuant. Recent data shows monthly accumulation averaging roughly 372,000 BTC.

This marks a steep increase compared to September 2024, when the figure stood near 10,000 BTC. The shift comes during a period of price weakness, suggesting that certain market participants are using declines to expand exposure rather than reduce it.

Accumulator Addresses Record Sharp Uptick in Monthly Buying

Crypto analyst Darkfost shared the update on X, citing CryptoQuant’s latest on-chain metrics. He noted that demand from what CryptoQuant classifies as accumulator addresses continues to rise. According to the data, these entities now purchase an average of 372,000 BTC per month.

For context, the same metric measured about 10,000 BTC monthly in September 2024. The scale of change is substantial within a relatively short timeframe. As a result, attention has shifted toward understanding the behavior of these long-term holders.

Darkfost stated that dramatic chart movements often warrant scrutiny. However, he added that there are limited reasons to doubt the dataset’s validity. The methodology behind the classification aims to reduce distortion and maintain analytical clarity.

Moreover, the timing coincides with a recent Bitcoin price decline. Rather than retreating, these addresses appear to be accumulating aggressively. This pattern reflects sustained buying during periods of short-term market pressure.

Methodology Behind CryptoQuant’s Accumulator Classification

CryptoQuant applies a structured framework to define accumulator addresses. The criteria require no recorded outflows from the wallet. In addition, the address must have completed at least two purchasing events or inflows.

Each address must also meet a minimum BTC balance threshold. Furthermore, the latest transaction must involve a defined minimum BTC purchase amount. The address must have shown activity at least once in the past seven years.

Known exchange and miner addresses are excluded from the dataset. Smart contract activity is also filtered out to prevent misclassification. These filters aim to isolate long-term holding behavior rather than operational or custodial activity.

However, the dataset depends on available labeling coverage. CryptoQuant acknowledges that it cannot perfectly classify every exchange or miner wallet.

Despite this limitation, the sustained growth in accumulation remains notable within current market conditions.

As some investors react to short-term price swings, these addresses continue expanding holdings. Historically, extended accumulation phases have coincided with long-term positioning strategies.

Current data suggests that this cohort remains focused on gradual exposure growth rather than short-term trading activity.

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