Analyst: Strong hands continue to accumulate during Bitcoin's decline, large holders reach a new all-time high in positions

Odaily reports that CryptoQuant analyst Darkfost stated on the X platform that during this round of pullback, large investors holding more than 1 Bitcoin are continuing to accumulate as prices fall. Their total BTC holdings have reached a record high, surpassing 16.8 million coins, indicating that long-term allocation demand is still strengthening and further demonstrating the institutionalization trend of Bitcoin assets.

Data shows that the holdings of these investors continue to increase, suggesting that market participants are more inclined to allocate assets from a long-term perspective rather than engage in short-term trading.

On the retail investor side, analysis points out that signs of renewed accumulation are also emerging, but overall sentiment remains cautious. Currently, retail investors hold about 1.7 million BTC, still below the all-time high set in December 2023. Some retail investors took profits during previous price increases, and some funds may have shifted exposure through convenient channels such as ETFs.

The analysis suggests that although the pace of behavior differs across investment groups, the market is gradually forming a consensus that the current stage favors a long-term allocation window, and the trend of funds re-entering the accumulation phase is gaining momentum.