theophiluspep
Largest Bitcoin Holders Just Accelerated Accumulation
CryptoQuant’s latest cohort data shows a clear divergence in Bitcoin holder behaviour. On a 60 day rolling basis, addresses holding more than 10,000 BTC recorded net accumulation of 46,420 BTC as of August 9. That is the highest reading since March 15 and nearly double the previous mid March peak of 23,238 BTC. At the same time, smaller wallets holding 0.1 to 1 BTC distributed roughly 9,700 BTC over the same period. This is a notable shift in positioning. The largest holders are increasing their exposure while smaller holders are reducing theirs. Historically, accumulation of this magnitude by large holders has helped absorb selling pressure and tighten available supply. With key U.S. inflation data, including CPI and PPI, due this week, the timing is particularly interesting. The largest hands are adding to their positions heading into the event rather than reducing exposure.