Bitcoin's Long-Term Holders Drive Record Accumulation Wave

Bitcoin experienced a significant on-chain inflow on the most recent day, with 29,685 BTC recorded as entering a long-term hodler address. This marked the second-largest single-day inflow for Bitcoin in the year 2025, highlighting the continued confidence of investors in holding the cryptocurrency over the long term. The movement suggests a strengthening trend of accumulation, particularly among large holders, indicating a bullish outlook for the asset.

The broader on-chain activity for Bitcoin has demonstrated extraordinary growth in recent months. According to analysis by CryptoQuant CEO Ki Young Ju, the total on-chain inflow for Bitcoin from 2024 to mid-2025 has exceeded the cumulative inflow recorded over the previous 15 years (2009–2024) by a wide margin. The on-chain inflow has reached a record high of $625 billion, surpassing the $435 billion inflow recorded between 2009 and 2024. This rapid accumulation reflects a heightened level of institutional and retail investor confidence in Bitcoin as a store of value and an investment asset.

One of the key drivers behind this surge in on-chain inflows is the increasing participation of institutional investors. With the approval of spot Bitcoin ETFs in early 2024, large financial institutions have begun allocating significant portions of their portfolios to Bitcoin. As of the most recent data, approximately 3.71 million BTC are held in corporate treasuries, with 190 publicly listed entities now part of the Bitcoin treasury landscape. Michael Saylor’s company remains the largest single corporate holder of BTC, with over 638,460 BTC currently in its possession.

In addition to institutional activity, macroeconomic factors have contributed to the inflow trend. Softer inflation readings and the anticipation of Federal Reserve interest rate cuts have encouraged capital to flow into alternative asset classes such as Bitcoin. Investors are increasingly viewing Bitcoin as a hedge against inflation and a long-term investment vehicle. The price of Bitcoin has seen a 93.3% increase in the past year, reinforcing the perception of its value as a digital asset.

The continued accumulation is also influenced by market sentiment and technical indicators. Bitcoin’s price is currently approaching overbought levels, as indicated by a monthly Relative Strength Index (RSI) near 70. While this suggests strong bullish momentum, it also indicates the potential for a short-term correction or consolidation phase. However, the broader trend remains intact, with fresh inflows reinforcing the asset’s long-term trajectory. Any retracement is more likely to be seen as a healthy consolidation rather than a sign of a bearish reversal.

Bitcoin’s strong performance has also influenced investor behavior, with many traders participating to avoid missing out on potential gains. The recent rally has driven on-chain capital to record levels, with more investors locking in BTC for the long term. This trend is expected to continue as Bitcoin approaches new all-time highs, supported by both macroeconomic tailwinds and a deepening institutional adoption.