
Bitcoin has fallen about 17% over the past month, yet large investors holding more than 1 BTC have continued to accumulate throughout the decline, according to CryptoQuant analyst Darkfost.
Consequently, the total supply held by these larger holders has risen to a new all-time high, now exceeding 16.8 million BTC.
At the same time, the analyst noted that retail investors are also slowly re-entering accumulation, although at a more cautious pace. Their combined holdings are estimated at around 1.7 million BTC, still below the peak reached in December 2023.
Overall, both large and retail holders are increasingly showing aligned behavior, with accumulation activity gradually strengthening amid recent market weakness.
Source: CryptoQuant