Bitcoin demand from accumulator wallets surged to a 2025 high, reaching 248,000 BTC, according to CryptoQuant data. These addresses, defined as wallets with no recorded selling history, saw a sharp uptick in holdings over the past 30 days.
Accumulator Wallets Boost Demand as BTC Price Rallies
The CryptoQuant chart shows a strong rise in Bitcoin acquisition by accumulator addresses alongside a BTC price rally past $115,000. The 30-day average of BTC acquired by these wallets stands at 164,000 BTC. The latest jump to 248,000 BTC suggests that most of the accumulation happened recently, during the price breakout phase.
Data confirms that this activity aligns with Bitcoin’s climb to new all-time highs. However, the demand increase remains steeper than average, indicating a wave of strategic accumulation.
The 248,000 BTC accumulated equals about $30 billion at current prices. This size of demand reflects long-term conviction among key market participants. While these wallets have no prior selling history, any reversal or prolonged consolidation in BTC price could shift sentiment.
If these holders begin to sell, their addresses will lose their accumulator status, introducing fresh supply into the market. This scenario would introduce notable selling pressure, especially given the scale of recent accumulation.
Sustained Demand Signals Market Confidence
For now, the sharp increase in demand from accumulator addresses highlights confidence in Bitcoin’s long-term value. The current phase of heavy accumulation, even as BTC trades at record highs, suggests that long-term players are preparing for further price movement.
CryptoQuant’s data reinforces this momentum, showing both raw demand and the 30-day average trend rising together for the first time since early 2024.
Bitcoin Exchange Reserves Plunge as Price Hits $121.3K, Strengthening Bullish Structure
Bitcoin reserves across all centralized exchanges dropped to 2.4 million BTC, their lowest point in 2025, while the price surged to $121,300. Data from CryptoQuant shows that the steep decline in exchange-held supply has closely mirrored Bitcoin’s climb from under $80,000 since early April.
The chart reveals a strong inverse relationship between price and reserves. In the first quarter, exchange balances remained above 2.7 million BTC. That trend reversed sharply in April, with consistent outflows accelerating into June and July. During the same window, the BTC price entered a steep upward trajectory, breaking past key resistance levels.
This shift signals reduced selling intent, as users increasingly move BTC off exchanges and into cold wallets or long-term custody. The drop in available supply limits immediate sell pressure and supports upward price momentum.
The trend also supports earlier signals from accumulator address activity. Combined, these metrics confirm that major holders are positioning for long-term gains rather than short-term exits. As supply tightens and demand rises, Bitcoin’s bullish structure appears to be gaining further strength.
