The total number of BTC in Bitcoin accumulation addresses has exceeded 2.9 million. Why do these addresses continue to accumulate Bitcoin fearlessly?

In January 2024, these addresses held only 1.5 million Bitcoin. In 10 months, this number has almost doubled. They continue to accumulate patiently and bravely without selling.

Accumulation Addresses: The Art of Holding Bitcoin

These addresses have never experienced an outflow of Bitcoin. They hold at least 10 Bitcoin, are not exchange addresses, and have been active at least once in the past seven years.

In 2018, there were only 100,000 Bitcoin in these addresses. In 2021, this number jumped to 700,000. However, the real growth occurred in 2024. On January 1, these addresses held 1.5 million Bitcoin, and now the number has reached 2.9 million.

What do they know? Why are they so confident in the future of Bitcoin?

It is estimated that by the end of the year, the number of Bitcoins in these addresses will exceed 3 million. If each Bitcoin is valued at $70,000, the total value of Bitcoins held will exceed $210 billion, surpassing large companies such as General Electric.