BTC Accumulation Hits 4.37M as Network Activity Sends Mixed Signal
Cointelegraph
Bitcoin accumulation has reached 4.37 million BTC, suggesting a shift toward long-term holding despite mixed signals from network activity metrics.Summary
Data from CryptoQuant indicates that long-term and retail-linked wallets have accumulated 4.37 million BTC as of early 2026. This trend reflects a shift toward sustained supply absorption, with fewer coins circulating on exchanges. While the Bitcoin network activity index has entered a "bull-phase" classification, active address momentum remains low, signaling a market dominated by long-term holders rather than short-term "tourists."
(Source：Cointelegraph)