bitcoin accumulation addresses have reached a record high of 372,000 BTC. This comes as prices traded near $67,400 following a weekend rally. Analysts view the trend as a foundation for near-term recovery.
The demand surge reflects committed buying by long-term participants. It stands out against earlier volatility in the market.
The Surge in Accumulator Demand
CryptoQuant data shows accumulator wallets expanded from 10,000 BTC in September 2024. These addresses follow strict rules, such as no outflows and years of activity.
This growth indicates deepening conviction among holders. It filters out noise from exchanges and miners.
Analyst Darkfost notes the criteria ensure focus on genuine accumulators. Such patterns often precede price stabilization.
Order Book Strength in CeFi
Order books reveal $596 million in bids near current levels against $297 million in asks. This imbalance marks the largest bid skew in over two years.
Trader Dom observes demand ramped up after the $60,000 low. Participants shifted from hesitation to interest in discounted entry.
This setup supports short-term upside in CeFi trading venues. Liquidity favors buyers amid reduced selling pressure.
Technical Signals Point Higher
An unfilled CME futures gap sits between $80,000 and $84,000. Nine out of 10 similar gaps have filled since August 2025.
Analyst Mark Cullen sees this as a primary target this week. It aligns with historical price behavior filling voids.
Order book data reinforces the technical case. Bids could propel bitcoin toward the gap if momentum builds.
Broad Accumulation Across market Cohorts
Glassnode's accumulation trend score climbed to 0.68. This marks the first broad-based buying since late November.
Cohorts from 10 to 100 BTC led dip purchases. It suggests retail and mid-tier investors joined whales.
Long-term holder distribution fell below $100,000 monthly. Reduced outflows from seasoned holders eases supply in the market.
CeFi and Institutional Context
Corporate treasuries and CeFi platforms drive much of the activity. They capitalize on dips to build positions.
ETF outflows slowed as accumulation picked up. This hints at renewed flows supporting price floors.
market structure favors re-engagement near key levels. Analysts track these for cycle progression.
Investor Takeaways and Risks
On-chain metrics like accumulator demand offer actionable signals. They help gauge sentiment shifts in real time.
Volatility remains, but data points to resilience. Position sizing should reflect these trends.
This accumulation wave ties into CeFi dynamics and broader cycles. It provides a data lens for navigating bitcoin's path ahead.
