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Bitcoin Accumulation Surges 297,000 BTC, LTHs Lead Bullish Trend

Coin WorldThursday, Apr 17, 2025 8:14 am ET

1min read

Bitcoin has experienced a notable surge in demand following its recovery from a recent market crash, leading to increased accumulation activity among investors. According to Glassnode, Bitcoin’s Accumulation Trend Score has reached a year-to-date high of 0.43, indicating a growing appetite for the cryptocurrency.

A rising accumulation score suggests that a broader range of wallets are re-entering the accumulation phase. Despite recent price fluctuations, large investor groups have cautiously resumed their accumulation efforts, with long-term holders (LTHs) taking the lead. Over the past nine days, the supply held by LTHs has increased by 297,000 BTC, reflecting growing confidence among seasoned investors.

This trend is further supported by a drop in the LTH Binary Spent metric to 0.3 over the past week, indicating that fewer long-term holders are selling their Bitcoin holdings—a strong bullish signal. With LTHs reducing their selling activities, other market participants have followed suit, leading to a sustainable growth in unspent outputs through 2025, reaching 3.03 million. Although this is a decrease from 5.2 million in 2024, the current levels remain relatively high, suggesting that BTC holders are bullish and anticipate better returns and market conditions in the near term.

Whale activity has also reinforced the ongoing accumulation narrative. For the past three consecutive days, the Exchange Flow from large holders has remained negative, indicating that more BTC is being withdrawn than deposited. This behavior suggests that whales are stockpiling, a classic signal of a potential bullish shift in the market.

With LTHs and large investors accumulating, Bitcoin’s market stability appears strong as major players bet on improved performance. This optimistic sentiment among market participants often drives higher prices. If the current accumulation trend continues, Bitcoin could see a reversal in fortunes, fueled primarily by organic demand. An upward move from here could lead to a breakout from consolidation, with BTC surpassing $86,700. If momentum holds, Bitcoin could reclaim $88,000 and push toward the psychological $90,000 level. Conversely, if short-term holders (STHs) take profits from recent gains, Bitcoin might correct downward, potentially dropping to $82,696. Monitoring accumulation trends and investor activity will be crucial in determining BTC’s next direction.

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