160K BTC Accumulated as Bitcoin Demand Stays Positive Amid Price Volatility

robot
Abstract generation in progress

Apparent demand stays positive as 160,000 BTC is accumulated in the past month despite recent market-wide price volatility.

Accumulator addresses increased their holdings by 50,000 BTC, reflecting consistent long-term buying and unwavering investor confidence.

BTC held on OTC desks declined from 550,000 to 145,000 since 2021, showing steady long-term off-chain demand growth.

Bitcoin demand continues to show resilience even as recent price movements pressure short-term holders. Current metrics reveal sustained accumulation and investor conviction.

Demand Remains Clearly Positive

According to market analyst @Darkfost_Coc, recent concerns from short-term holders (STH) may be rising due to Bitcoin’s price drop. These investors now face decisions between realizing losses or continuing to hold underwater positions. However, demand-side indicators suggest no sign of weakening in overall market structure.

The tweet presents the “apparent demand” chart, which compares new BTC issuance to supply that has remained inactive for over a year. The chart shows the ratio is still well above zero—indicating that around 160,000 BTC has been accumulated over the past 30 days. This positive ratio confirms that current demand remains healthy despite volatility in price levels.

Strong Behavior from Accumulator Addresses

The tweet also provides a breakdown of demand from accumulator addresses—wallets that have acquired BTC without selling any. These addresses often reflect strong conviction and long-term commitment to the asset.

Data reveals that over the last month, these entities added roughly 50,000 BTC to their holdings. This consistent increase points to continued confidence from holders who are not swayed by short-term price actions. The behavior of these addresses reinforces a bullish outlook on demand, even under current market conditions.

This segment of the market plays a stabilizing role, offering a reliable signal of buyer interest. Their activity indicates that core market participants remain engaged and are continuing to build exposure.

OTC Desk Holdings Show Long-Term Decline

The tweet further highlights a long-term drop in Bitcoin held by OTC desks. These off-chain venues cater to large investors and typically reflect long-term demand trends.

Back in September 2021, OTC desks held about 550,000 BTC. That figure has since fallen to approximately 145,000 BTC. This steady decline signals fewer BTC are available for institutional purchase, with more supply being absorbed and held.

The data presented in the tweet concludes that both short-term and long-term demand remain broadly intact, offering stability even during price corrections.

The post 160K BTC Accumulated as Bitcoin Demand Stays Positive Amid Price Volatility appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

BTC0.55%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)