Bitcoin Accumulators Add 248,000 BTC Worth 30 Billion Despite Price Drop

Bitcoin wallets known for accumulating the cryptocurrency have reached a 2025 peak, adding approximately 248,000 BTC worth around $30 billion in recent weeks. These wallets, referred to as "accumulators," are characterized by their consistent receipt of Bitcoin without any record of outgoing transactions. The monthly average for such accumulations typically hovers around 164,000 BTC, indicating that a significant portion of the recent buying occurred within a few weeks. This trend suggests that some market participants are increasing their holdings despite Bitcoin trading near all-time highs.

While these accumulator wallets demonstrate a strong interest in long-term holding, there are mixed signals from other large players. Whale short exposure indicates a split in market sentiment, with some large traders showing bearish tendencies. Joao Wedson from Alphractal noted that whales are currently leaning bearish based on tools that track volume and open interest. This divergence in strategies between accumulator wallets and whales highlights a lack of consensus on the future direction of Bitcoin's price.

Bitcoin's price has recently experienced a drop, trading around $116,500 at the time of writing, which represents a 4.5% decrease in 24 hours. However, it remains up by 8% over the last week. Analyst Ali Martinez identified key levels for Bitcoin, with the next targets at $131,000, $144,000, and $158,000. Some analysts predict a possible top around $200,000 later this year if the current chart pattern continues. Despite the recent price drop, the momentum for Bitcoin remains strong.

Funds tied to cryptocurrencies saw significant inflows last week, with $3.7 billion added, marking the second-biggest weekly inflow ever. Year-to-date inflows have reached $22.7 billion, pushing assets under management to a record $211 billion. This influx of capital into crypto funds underscores the growing interest and investment in the cryptocurrency market, despite the recent price volatility.