**Bitcoin Accumulation Addresses See a Surge of Over $2 Billion in BTC During Recent Market Dip**
According to a report from the prominent on-chain analytics platform CryptoQuant, Bitcoin accumulation addresses have just experienced an impressive inflow exceeding $2 billion worth of BTC amid the latest market downturn. The platform highlighted a significant influx into Bitcoin Accumulation Addresses, which are defined as wallets holding more than 10 BTC and lacking any outgoing transaction history.
**A Noteworthy Inflow of 26,430 BTC**
Ki Young Ju, the founder and CEO of CryptoQuant, had previously set an alert for substantial inflows exceeding 20,000 BTC into these addresses. This alert was triggered today after a remarkable transfer of exactly 26,430 BTC, valued at $2.35 billion, occurred yesterday, February 24.
**Market Context and Price Movements**
Interestingly, this accumulation wave follows a recent price drop that has seen Bitcoin dip below the $90,000 mark for the first time since mid-January. Currently trading around $88,000, BTC has fallen over 7.8% in the past two days as macroeconomic challenges loom. Despite this bearish sentiment, the recent inflow of 26,430 BTC indicates a strong accumulation trend, marking the highest volume of inflow into these addresses in over three weeks. The last time a higher volume was recorded was on February 3, when 31,272 BTC flowed in. On that day, Bitcoin enjoyed a notable 3.87% price increase, successfully reclaiming the $100,000 threshold before bearish forces took over, leading to a period of consolidation that has lasted throughout the month until the recent decline.
**A Persistent Accumulation Trend**
A closer examination of the accumulation addresses reveals that the inflow trend has been gaining momentum since last November, following Donald Trump’s victory in the U.S. elections. For example, on December 11, 2024, these addresses received 47,305 BTC, marking the largest daily inflow in over two and a half years. While this revival of inflows coincided with Bitcoin’s resurgence last November, which saw the asset reach a new all-time high of $109,000 last month, the recent price drop has not deterred accumulation efforts, which have continued throughout February. This suggests that large investors, or “whales,” remain optimistic about Bitcoin’s long-term potential despite short-term bearish pressures.
**Continued Confidence from Major Investors**
One notable player in this space, Strategy (formerly MicroStrategy), has been actively acquiring more Bitcoin, recently adding 20,356 BTC worth $1.99 billion to its holdings, bringing its total stash close to the 500,000 BTC mark. Following yesterday’s 6% dip in Bitcoin’s price, Strategy Chairman and Bitcoin enthusiast Michael Saylor remarked that the leading cryptocurrency is now “on sale.” Essentially, Saylor views the current dip as a prime opportunity to buy BTC at a discount, a sentiment that appears to resonate with other long-term investors as well.
