**Bitcoin Accumulation Addresses Surpass 2.9 Million BTC: A Testament to Long-Term Confidence**

The total amount of Bitcoin held in accumulation addresses has exceeded 2.9 million BTC, reflecting a significant increase from 1.5 million BTC in January 2024. These addresses, characterized by their lack of Bitcoin outflows, represent a steadfast commitment to long-term holding.

Accumulation addresses are distinguished by holding at least 10 Bitcoins, having no outflows, and being active for at least seven years. This growth, particularly notable in 2024, suggests a strong belief in Bitcoin's future value.

With the current trajectory, these addresses are expected to hold over 3 million BTC by year-end, potentially valuing their holdings at over $210 billion, surpassing major corporations like General Electric. This trend underscores a robust confidence in Bitcoin's long-term prospects.