On-Chain Update: Bitcoin Accumulation Trends
Bitcoin is showing a divergence between price movement and wallet behavior. While price is up just under 7% this month, accumulation activity among mid-sized holders continues to grow.
Wallet data (100+ BTC):
Monthly change: Addresses holding at least 100 BTC increased by 2.84%.
Current count: 19,873 addresses.
Longer-term trend: Up 5.21% over the past 180 days.
Market perspective:
This pattern suggests ongoing accumulation during a consolidation phase. While the largest holders appear more cautious, mid-sized wallets are steadily absorbing supply, helping establish a more stable market base.
