Analyst: During the Bitcoin downturn, strong hands continue to accumulate, and large holders' positions reach a historical high

CryptoQuant analyst Darkfost stated on the X platform that during this round of pullback, large investors holding more than 1 Bitcoin are taking advantage of the price drop to continue accumulating, with their total BTC holdings rising to a historical high of over 16.8 million, indicating that long-term allocation demand is still increasing and further reflecting the institutionalization trend of Bitcoin assets.

Data shows that the holdings of these investors continue to rise, suggesting that market participants are more inclined to allocate assets from a long-term perspective rather than engage in short-term trading. At the retail level, analysis indicates that there are also signs of re-accumulation, but overall, it remains relatively cautious. Currently, retail holdings are approximately 17 million BTC, still below the historical high reached in December 2023. Some retail investors have chosen to take profits during the previous price increase, and some funds may be adjusting their exposure through more convenient channels such as ETFs.

The analysis believes that although there are differences in the behavioral rhythms of different investor groups, the overall market is gradually forming a consensus that the current stage is more inclined towards a long-term allocation window, and the trend of funds re-entering the accumulation phase is strengthening.